GENIUS Act Stalls After 49–48 Senate Vote, Stablecoin Framework in Limbo
16h ago•
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After bipartisan backing, the GENIUS Act has fallen 48-49 in the Senate, delaying a stablecoin rulebook and leaving oversight to states. Treasury Secretary Scott Bessent says the setback dents dollar sway, while Democrats cite Trump’s $TRUMP gala and USD1-Binance deal as complicating factors.
16h ago•
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