The failed vote presented a stunning setback for the measure after last-minute opposition from a bloc of crypto-friendly Democrats derailed talks.

Technology Technology   The Big Story  Lawmakers push tech leaders on AI, energy Leaders from Silicon Valley were met ...

Senate has rejected the GENIUS Act, delaying stablecoin rules as partisan tensions grow over dollar dominance and Trump’s ...

With Republicans controlling Congress and the White House, Democrats are leveraging public outrage, warning that Trump’s ...

The move is a setback for the influential cryptocurrency industry, which spent heavily on congressional races last year.

Stablecoins have come into focus on Thursday, as Democrats opposed legislation aimed at creating a legal pathway for the ...

The stablecoin legislation failed to clear today's cloture vote, 48-49, but Democratic Sen. Ruben Gallego says he'll press ...

The Senate Stablecoin Bill, the Genius Act, or The Guiding and Establishing National Innovation for U.S. Stablecoins (S 1582) ...

In a vote on Thursday, only 49 senators voted to advance the bill to a full vote, which is short of the 60 votes needed to formally end debate on the bill. Notably, two Republican senators, Senator ...

Senate Democrats on May 8 sank a procedural vote on a bill regulating stablecoins, blocking its advancement, but the process ...

WASHINGTON – Senate Democrats blocked a bipartisan bill to create a legal framework for cryptocurrency after concerns about ...

In a rare occurrence, which may only last for a week, Democrats in the Senate showed some spine and voted down an important ...