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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.
The spotlight has now fallen on the GENIUS Act, short for Guiding and Establishing National Innovation for U.S. Stablecoins.
Cryptopolitan on MSN2h
Netizens slam Bessent’s claim that crypto needs U.S. leadershipBessent’s framing also drew criticism for its nationalistic tone. Crypto industry veterans from Europe, Latin America, and ...
The GENIUS Act failed a key Senate vote Thursday, leaving the future of the stablecoin bill and other crypto legislation in ...
Pro-crypto Democrats use a failed amendment to bypass filibuster rules, clearing the path for the GENIUS Act stablecoin bill ...
Cryptopolitan on MSN1h
Ripple’s Brad Garlinghouse addresses Treasury’s Bessent and calls for clear crypto and stablecoin regulationRipple CEO Brad Garlinghouse urges U.S. lawmakers to pass clear crypto and stablecoin regulations after the Senate fails to ...
Axios on MSN10h
Everyone's claiming victory after Senate's crypto meltdownA week ago, the GENIUS Act looked set to sail through the Senate with bipartisan support for regulating stablecoins. On ...
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