US Stablecoin Bill GENIUS Act Faces Stiff Bipartisan Opposition, Crypto Legislation in Doubt

May 07, 2025

The GENIUS Act, aimed at regulating stablecoins, faces opposition from both Democrats and Republicans. Despite bipartisan support in the Senate Banking Committee, recent revisions have caused uncertainty. Senate Republicans are pushing for a vote, possibly to shift blame onto Democrats before the 2026 midterms.

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