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Crypto-Friendly GENIUS Act Fails Key Senate Vote as Dems Defect
In a rare occurrence, which may only last for a week, Democrats in the Senate showed some spine and voted down an important procedural vote on the GENIUS Act, a bill that would establish a (very weak) regulatory framework for the use of stablecoins.
Two significant legislative efforts took center stage this week, offering a clearer view of where Congress may be heading on crypto regulation.
Senate Democrats propose crypto ban for top officials as Trump’s coin promotions and Binance ties spark conflict of interest ...
The crypto industry is brushing off a failed vote on a stablecoin bill in the Senate, underscoring recent progress and the ...
The GENIUS Act failed a key Senate vote Thursday, leaving the future of the stablecoin bill and other crypto legislation in ...
Cryptopolitan on MSN2d
Sen. Tim Scott promises “painful repercussions” for Democrats who stalled crypto’s GENIUS ActSenator Tim Scott said on Friday night that Democrats who voted against the GENIUS Act should expect “painful” political ...
Some in the industry say the focus on Trump’s conflicts is derailing critical policy progress for the broader crypto sector.
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Meta has reportedly been exploring the use of stablecoins for international payouts, but the firm may face regulatory ...
Cryptopolitan on MSN2d
Trump’s crypto ambitions keep crashing into his own actionsAnd no, it wasn’t party politics that killed the bill—it was Trump’s personal coin empire blowing everything up from the i ...
The GENIUS Act focused on stablecoins and made it to the Senate. Even though it did not pass, the fact that it made it this far has made many believe that crypt ...
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