**🚨 U.S. Senators Warn About Problems with New Stablecoin Rules 🚨**
A group of 10 U.S. senators (from both parties) say they can’t support the updated GENIUS Act—a law to regulate stablecoins like USDT or USDC. Here’s the scoop in plain words: ---
### 🔍 Why Are They Worried?
1️⃣ 🚔 Not Tough Enough on Crime: The rules don’t stop bad actors from using stablecoins for money laundering or scams.
2️⃣ 🛡️ Risks to U.S. Safety: Loopholes could hurt America’s financial system or weaken the U.S. dollar’s global power.
3️⃣ 👥 People & Economy at Risk: The bill might fail to protect users or prevent financial crashes. ---
### 🔄 Big Change in Support
Four Democratic senators (Gallego, Warner, Kim, Blunt Rochester) who voted “YES” in March now say 👎 NO to the new version. But co-sponsor Angela Alsobrooks still backs it. ---
### 📜 What’s the GENIUS Act?
- 📅 Launched: February 2025.
- 🎯 Goal: Create clear rules for U.S. stablecoins to:
✅ 🚀 Boost crypto innovation safely.
✅ 🔒 Protect users from fraud/losses.
✅ 💵 Keep the U.S. dollar STRONG worldwide. (Source: Odaily)
⚠️ Not financial/legal advice!
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