#USStablecoinBill Today, May 5, 2025, the U.S. legislative proposal known as the GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins) faced a significant setback in the U.S. Senate. Nine Democratic senators, who had previously supported the proposal, withdrew their support, citing concerns over the lack of robust measures against money laundering, national security risks, and conflicts of interest related to the Trump family's activities in the cryptocurrency sector.
