Senate Slams the Brakes on Crypto Bill: A Sudden U-Turn
The proposed “GENIUS Act” (Guiding and Establishing National Innovation for US Stablecoins Act), aimed at regulating crypto and stablecoins, is facing major pushback. Ten US senators, some of whom previously supported the bill, have publicly voiced their opposition, citing serious concerns. A Sudden Shift in Support The about-face surprised many, especially since some senators who…
