According to reports from Wu, 10 U.S. senators have issued a joint statement expressing their inability to support the latest version of the GENIUS Act due to its inadequate provisions concerning anti-money laundering, national security, and the safety of the financial system. The signatories include Democrat Ruben Gallego among others, with four Democratic senators who previously supported the bill now turning against it. The controversy surrounding the bill is linked to news about the Trump family potentially profiting from cryptocurrency projects, further exacerbating political divisions.