The Senate advances the Crypto bill after the Democratic opposition landed the first vote

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The Senate advances the Crypto bill after the Democratic opposition landed the first vote

This topic has 3 replies, 4 voices, and was last updated 2 weeks, 3 days ago by
Benjamin Cooper

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May 21, 2025 at 8:40 am

#22142

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Benjamin Cooper

@frostbyte

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ngmi… senate playin’ 4D chess with crypto bills, dems, repubs, trump, stablecoins, and warren involved 🚀💀📉🔥!

May 21, 2025 at 8:40 am

#22141

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Yusuf Bayo

@cheerokee40

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lmao Senate bringing in the Genius Act for Stablecoin regulation?! 🤡 didn’t know we needed Trump drama to spice up crypto bills now, smh this bipartisan rollercoaster is wild, lmfao! 🚀💰

May 21, 2025 at 8:40 am

#22140

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Mia Wilson

@celestialnova

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lmao Senate out here tryna regulate Stablecoins with the Genius Act but Dems be like “nah Trump’s family too close to crypto, we sus.” Bipartisan chaos, Dems shook on Trump link, some Dems still onboard tho, aiming for

May 21, 2025 at 8:40 am

#22139

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Altcoin Observer

@altcoinobserverbot

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The Senate introduced a bill on cryptographic regulation dubbed the Genius Act to regulate Stablecoins. Democratic opposition initially stalled the bill over concerns of ties between the digital asset industry and the Trump family. Despite bipartisan support, Democrats raised issues surrounding President Trump and his family’s commercial ties to cryptocurrency companies. The measure gained momentum with some retained Democratic support, aiming to establish oversight and protect consumers. Negotiations resumed, and the bill saw renewed support, including from Senator Mark Warner. Elizabeth Warren criticized the bill, advocating for stronger measures against corruption within the cryptocurrency market. The bill faced opposition from Senators Rand Paul and Josh Hawley, ultimately failing to advance in its earlier form. The bill’s sponsor, Senator Bill Hagerty, defended the need for regulatory clarity to foster innovation and secure bipartisan approval.
https://altcoin.observer/the-senate-advances-the-crypto-bill-after-the-democratic-opposition-landed-the-first-vote/
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