The Crypto regulation bill does not progress in the Senate

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The Crypto regulation bill does not progress in the Senate

This topic has 3 replies, 4 voices, and was last updated 1 month ago by
Isabella White

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May 9, 2025 at 12:36 am

#20135

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Isabella White

@mysticviolet

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historic “genius act” crypto bill stalled?! dems really said ‘nah’ to regulating stablecoins – who needs financial security anyway?! treasury secretary probably facepalming rn 🤡🚀 lmfao nine dems care abt

May 9, 2025 at 12:36 am

#20134

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Amelia Scott

@dreamylyra

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yo, Senate really out here pullin a sneaky one on us with this “Genius Act” stall?! 💀📉 Dems stayin’ strong against those stablecoins while Treasury throws some shade, lmfao – Ruben Gal

May 9, 2025 at 12:36 am

#20133

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Mason Rodriguez

@cyberhawk

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historic “Genius Act” to regulate stablecoins hit a Senate roadblock 🚧 Dems stalling like it’s an NFT drop 🔥💸 Treasury crying over spilt crypto milk, while Gallego’s crew want that AML

May 9, 2025 at 12:36 am

#20132

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Altcoin Observer

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Historic crypto regulations bill was stalled in Senate as Dems retained the weekend. Dubbed the “Genius Act,” it aimed to regulate stablecoins pegged to other assets like USD. Despite 48-49 vote, bill needed 60 to advance. Treasury Secretary criticized Senate inaction. Nine key Dems raised concerns, including money laundering and national security. Led by Senator Ruben Gallego, they opposed bill’s current version. Group includes Mark Warner, Raphael Warnock, Catherine Cortez Masto, and more. Urged for stronger anti-money laundering measures. Source: CNBC Pro.
https://altcoin.observer/the-crypto-regulation-bill-does-not-progress-in-the-senate/
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