GENIUS Act Stalls in Senate – Crypto Clarity Delayed Again!!!!
Will U.S. regulation ever catch up with innovation?????
The GENIUS Act, aimed at regulating stablecoins and providing clarity for digital assets, hit a major roadblock in the U.S.
Senate on May 8, 2025. Despite bipartisan sponsorship, the bill failed to pass cloture due to last-minute opposition from Senate Democrats.
Concerns over Donald Trump’s involvement in crypto led to sudden amendments including stricter rules for stablecoin issuers and enhanced Anti-Money Laundering provisions.
Senate Majority Leader John Thune criticized the outcome, expressing disbelief at the resistance despite compromises.
What's Next?
Crypto regulation in the U.S. remains uncertain as political tensions grow.