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U.S. Senate Rejects Stablecoin Regulation Framework Amid Controversy
According to PANews, the U.S. Senate has narrowly rejected the GENIUS Act, a proposed framework for stablecoin regulation, with a vote of 48 to 49. The bill faced opposition from the Democratic Party, which cited concerns over potential corruption risks linked to U.S. President Donald Trump's family's involvement in cryptocurrency. Despite the Republican majority, the bill failed to reach the 60-vote procedural threshold required for passage.
The GENIUS Act aimed to establish the first regulatory system for stablecoins in the United States. However, the Democrats opposed the bill, arguing that it lacked provisions to prohibit government officials from holding cryptocurrency assets. In response to the setback, Senate Republicans have indicated plans to reintroduce the bill for a vote in the coming days.
#CryptoComeback
#cryprostory
According to PANews, the U.S. Senate has narrowly rejected the GENIUS Act, a proposed framework for stablecoin regulation, with a vote of 48 to 49. The bill faced opposition from the Democratic Party, which cited concerns over potential corruption risks linked to U.S. President Donald Trump's family's involvement in cryptocurrency. Despite the Republican majority, the bill failed to reach the 60-vote procedural threshold required for passage.
The GENIUS Act aimed to establish the first regulatory system for stablecoins in the United States. However, the Democrats opposed the bill, arguing that it lacked provisions to prohibit government officials from holding cryptocurrency assets. In response to the setback, Senate Republicans have indicated plans to reintroduce the bill for a vote in the coming days.
#CryptoComeback
#cryprostory
#StoryTime #cryprostory $BTC $ETH $XRP
Once upon a time, there was a young man named Arjun from a small town. He was always looking for new ways to earn money. He didn’t have a big business or a high-paying job, but he had one thing—curiosity.
One day, he read about "crypto" on the internet. At first, he didn’t understand much, but the more he researched, the more fascinating this world became. He saw how people were making millions with Bitcoin and other cryptocurrencies. But where there is profit, there is also risk.
Arjun didn’t invest all his savings. He started small—with just ₹500. He invested in Bitcoin and Ethereum. When the market went up, his money doubled. Seeing this, he gained confidence and invested more. But then, one day, the market crashed. His ₹10,000 investment shrank to just ₹3,000.
He felt disappointed, but he realized that crypto is not just gambling—it’s a game of strategy. He started learning new trading techniques, understanding technical analysis, and investing only what he could afford to lose. Slowly, his strategy began to work.
Today, Arjun has become a smart crypto trader. He didn’t get rich overnight, but he learned that with patience and knowledge, crypto can be a great way to earn money.
His story teaches us that investing in crypto without knowledge is risky, but if done wisely, it can create a new financial future.
Once upon a time, there was a young man named Arjun from a small town. He was always looking for new ways to earn money. He didn’t have a big business or a high-paying job, but he had one thing—curiosity.
One day, he read about "crypto" on the internet. At first, he didn’t understand much, but the more he researched, the more fascinating this world became. He saw how people were making millions with Bitcoin and other cryptocurrencies. But where there is profit, there is also risk.
Arjun didn’t invest all his savings. He started small—with just ₹500. He invested in Bitcoin and Ethereum. When the market went up, his money doubled. Seeing this, he gained confidence and invested more. But then, one day, the market crashed. His ₹10,000 investment shrank to just ₹3,000.
He felt disappointed, but he realized that crypto is not just gambling—it’s a game of strategy. He started learning new trading techniques, understanding technical analysis, and investing only what he could afford to lose. Slowly, his strategy began to work.
Today, Arjun has become a smart crypto trader. He didn’t get rich overnight, but he learned that with patience and knowledge, crypto can be a great way to earn money.
His story teaches us that investing in crypto without knowledge is risky, but if done wisely, it can create a new financial future.
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