Odaily Planet Daily News - The U.S. Senate is scheduled to hold a key vote on the GENIUS stablecoin bill on Thursday. The bill requires that stablecoins must be fully backed by liquid assets such as U.S. dollars and short-term government bonds. Since 60 votes are needed for passage, the Republicans need to seek support from the Democrats. Currently, several Democratic senators have expressed opposition due to insufficient foreign investment regulation and anti-money laundering provisions, and there are also divisions within the Republican Party. Meanwhile, the Democrats are investigating the ties between Trump and the cryptocurrency industry. (The Block)