#USStablecoinBill

📢 The U.S. Senate’s GENIUS Act, aiming to establish the first federal framework for stablecoin regulation, faces significant hurdles as nine Senate Democrats withdraw support, citing concerns over anti-money laundering measures and potential conflicts of interest due to the Trump family’s involvement in the crypto firm World Liberty Financial . This development casts uncertainty over the bill’s future, highlighting the complexities of balancing innovation with regulatory safeguards in the crypto space. As debates continue, the outcome will significantly impact stablecoin issuers and the broader digital asset market. #CryptoRegulation #Stablecoins