🚨🚨THE “GENIUS” THAT WASN’T: HOW U.S. POLITICS KEEPS RUGGING STABLECOINS

May 9, 2025 — Another day, another missed opportunity in Washington.

The long-awaited GENIUS Act, a landmark bill that could’ve finally brought regulatory clarity to the $150B+ stablecoin market, just got smacked down in the U.S. Senate. Why? Not because of its contents. But because of politics.

Let’s break it down:

— The bill was supposed to define how stablecoins are issued, who’s allowed to issue them, and how reserves are audited.

— Crypto companies were cautiously optimistic.

— Lawmakers even whispered the word “bipartisan.”

But then it exploded.

At the eleventh hour, Republicans introduced a revised draft — without involving Democrats. Then Donald Trump voiced pro-crypto support, prompting Democrats to accuse him of politicizing crypto and having a potential “conflict of interest.”

The result? GENIUS failed the key Senate vote.

And with it, hopes for any meaningful crypto regulation in the U.S. took another nosedive.

This wasn’t just about stablecoins. It was about whether the U.S. could finally provide a real framework for digital finance. Instead, it became another tug-of-war where progress lost to partisanship.

Will they try again next week? Possibly.

Will it pass? Only if lawmakers stop using crypto to score political points.

Meanwhile, Europe launches MiCA, Asia advances CBDCs, and Latin America experiments with real-world crypto. And the U.S.? Still stuck in committee.

To the #AMAGE community:

Will the U.S. remain a leader in digital innovation — or keep falling behind while the rest of the world tokenizes everything?