After what can only be described as a political battle of epic proportions, the Senate managed to advance the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act of 2025 on Monday night. If this landmark stablecoin bill can somehow navigate the treacherous waters of final approval, it will rewrite crypto history in America, establishing the first comprehensive framework for stablecoin regulation. 🚀
Despite the usual political pushback, the bill secured a 66-32 procedural vote on Monday night. Multiple Democrats reportedly voted in favor after some amendments to address ethical concerns, which is about as surprising as finding a towel in a spaceship. Now, the Senate will debate and vote to pass the bill forward to the House. As this step only requires a simple majority, the supporters are optimistic about its passage, though optimism in politics is often as rare as a Vogon with a sense of humor. 😂
Political Backlash Against the GENIUS Act
Despite its introduction as a bipartisan bill, the GENIUS Act faced several political challenges. The Democrats protested alleged conflicts and corruption involving President Donald Trump and his family’s crypto empire. Notably, the Trump family-backed World Liberty Foundation’s (WLF) USD1 stablecoin became… Read More at Coingape.com
Read More
- 50 Goal Sound ID Codes for Blue Lock Rivals
- How to use a Modifier in Wuthering Waves
- Basketball Zero Boombox & Music ID Codes – Roblox
- 50 Ankle Break & Score Sound ID Codes for Basketball Zero
- Lucky Offense Tier List & Reroll Guide
- Ultimate Myth Idle RPG Tier List & Reroll Guide
- ATHENA: Blood Twins Hero Tier List (May 2025)
- Watch Mormon Wives’ Secrets Unveiled: Stream Season 2 Free Now!
- Unlock All Avinoleum Treasure Spots in Wuthering Waves!
- Ultimate Half Sword Beginners Guide
2025-05-20 09:21