GENIUS Act Blocked in Senate as Stablecoin Oversight Faces Scrutiny

The GENIUS Act, a bill focused on stablecoin regulation, failed to advance in the U.S. Senate on May 8, 2025. The official name of the bill is the Guiding and Establishing National Innovation for US Stablecoins Act. Democrat lawmakers voted 49–0 against the bill, while 48 Republican senators supported it. The bill required 60 votes […]

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