The bill, which recently cleared a key procedural hurdle on the 19th of May, is now under intense scrutiny as lawmakers struggle with over 60 proposed amendments.

Elizabeth Warren has urged closing a GENIUS Act wallet exemption, which she says may let Trump profit from stablecoins, ...

Elon Musk’s alleged effort to integrate stablecoin payments into X through “X Money” faces mounting pressure as his public feud with Donald Trump escalates. As ...

Democrats had sought to amend the bill to prohibit the president from profiting from a stablecoin venture while in office, but ended up backing down.

Fairshake PAC Steps Up Pressure for Clearer Crypto Rules As legislative sponsors rally to refine the GENIUS Act, the crypto industry’s political arm, Fairshake Super PAC, is ramping up pressure ...

However, even these stablecoins continue to face scrutiny regarding ... with its strong political and institutional backing, may benefit significantly as the GENIUS Act moves forward.

The crypto-focused GENIUS Act advanced in a procedural vote in the ... President Donald Trump's crypto dealings, which have drawn scrutiny on both sides of the aisle. While some Democrats ...

To the delight of Silicon Valley, Big Tech and Wall Street, within the next week or two the Senate appears poised to approve the GENIUS Act ... from economic and political pressures, to protect ...

The legislation, known as the GENIUS Act, is focused on what is known as stablecoin, a digital currency tied to the value of a specific asset – in this case the US dollar. The push for the bill ...

The Independent is trusted by Americans across the entire political spectrum ... stage for these assets to go mainstream.” The GENIUS Act governs how stablecoins can be issued and exchanged.