Cryptonews.com
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21:58 May 08, 2025
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. The post GENIUS Act Stalls After 49–48 Senate Vote, Stablecoin Framework in Limbo appeared first on Cryptonews.