After a prolonged political battle, the Senate successfully advanced the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act of 2025 on Monday night. If the landmark stablecoin bill clears final hurdles, it will rewrite crypto history in America, establishing the first comprehensive framework for stablecoin regulation. Despite political pushback, the bill secured a 66-32 procedural vote on Monday night. Multiple Democrats reportedly voted in favour after amendments to address ethical concerns. 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. Political Backlash Against the GENIUS Act Despite the 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
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