#USStablecoinBill

Stablecoin Bill Faces Setback: 9 Senate Democrats Withdraw Support

On Monday's episode of CNBC Crypto World, Bitcoin stumbled as the week kicked off with regulatory uncertainty. A key development: nine Senate Democrats have reversed their stance and now oppose the GENIUS Act—legislation aimed at regulating stablecoins. Some of these senators had previously supported the bill, but are backing away due to unresolved concerns.

Hadley Stern, CCO at Marinade, weighed in on the issue, noting that this latest shift could significantly delay any clear regulatory timeline for stablecoins in the U.S.