🚨 SENATE HALTS STABLECOIN BILL! 🚨
🔹 A procedural vote to advance the GENIUS Act failed 48–60, delaying debate on regulating dollar-pegged tokens.
🔹 Last-minute Democrat objections over President Trump’s family $2 B stablecoin deal derailed bipartisan momentum.
🔹 Senators Elizabeth Warren & Jeff Merkley are pushing to bar public officials and their kin from profiting via stablecoins.
🔹 Three Republicans—Rand Paul, Josh Hawley & John Kennedy—also bucked party lines, underscoring intra-GOP divisions.
🔹 The $246 B stablecoin market now hangs in limbo as regulators scramble for a revised bipartisan framework.
🔹 Democrats demanded stronger AML, national-security & consumer-protection amendments before floor debate.
🔹 Majority Leader John Thune vows to revisit the bill, but the timeline is murky amid ethics-provision fights.
🔹 Ripple, Circle & Tether issuers are watching closely—stablecoins underpin the backbone of DeFi liquidity.
🔹 Crypto markets stalled on the vote news; traders warn stalled clarity could slow enterprise adoption.
🔹 Trump’s personal crypto ventures—meme coins, token launches & Binance ties—fueled conflict-of-interest alarms.
❓ Your Take: Will the GENIUS Act come back stronger with new guards against corruption, or is this delay a death knell for U.S. stablecoin regulation?
🔁 REPOST to blast this through the Square algorithm—let’s ignite the debate!
#Stablecoins #GENIUSAct #CryptoRegulation #BinanceSquare #StripeStablecoinAccounts
