#USStablecoinBill The U.S. Senate's bipartisan stablecoin bill, known as the GENIUS Act, faces significant hurdles as nine Democratic senators withdraw support, citing concerns over anti-money laundering provisions and national security risks. (Politico) This shift complicates the bill's progression, especially amid ethical scrutiny surrounding a $2 billion investment in Binance using USD1, a stablecoin issued by World Liberty Financial—a firm co-owned by the Trump family. (New York Post) Senator Elizabeth Warren has called for delaying the bill's review, highlighting potential conflicts of interest. (PANews) The intertwining of political influence and crypto investments underscores the complexities in establishing a regulatory framework for stablecoins.