⚡️ The GENIUS Act faced a bipartisan backlash in the Senate
A bipartisan group of U.S. senators opposed the updated version of the GENIUS Act, citing insufficient national security measures and anti-money laundering efforts.
✅ The bill was supposed to establish clear rules for stablecoins, but critics argue it has gaps in regulating foreign issuers and enforcement mechanisms.
The senators' opposition may delay the vote on the bill and increase uncertainty in the U.S. crypto market.