After a protracted political battle, the Senate efficiently superior the Guiding and Establishing Nationwide Innovation for U.S. Stablecoins (GENIUS) Act of 2025 on Monday evening. If the landmark stablecoin invoice clears remaining hurdles, it’ll rewrite crypto historical past in America, establishing the primary complete framework for stablecoin regulation. Regardless of political pushback, the invoice secured a 66-32 procedural vote on Monday evening. A number of Democrats reportedly voted in favour after amendments to handle moral issues. Political Backlash Towards the GENIUS Act Regardless of the introduction as a bipartisan invoice, the GENIUS Act confronted a number of political challenges. The Democrats protested alleged conflicts and corruption involving President Donald Trump and his household’s crypto empire. Notably, the Trump family-backed World Liberty Basis’s (WLF) USD1 stablecoin grew to become the centre of political battle, with critics alleging potential conflicts of curiosity. Earlier this month, the US Senate didn’t advance the stablecoin invoice in a key procedural vote, with… Read More at Coingape.com
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