According to reports from Wu, 10 U.S. Senators issued a joint statement expressing their inability to support the latest version of the GENIUS Act due to its inadequate provisions on anti-money laundering, national security, and the safety of the financial system. Signatories include Democrat Ruben Gallego, among others, with 4 previously supportive Democratic senators now opposing the bill. The controversy surrounding the bill is related to news about the Trump family's potential profits from cryptocurrency projects, further exacerbating political divisions.