PANews May 9 report, according to NBC, the U.S. Senate voted 48-49 against the stablecoin regulatory framework bill, the GENIUS Act, due to collective opposition from the Democrats, who claimed that the Trump family's involvement in cryptocurrency poses a risk of corruption. Although the Republicans hold a majority, they did not reach the 60-vote procedural threshold. The bill was originally intended to establish the first U.S. stablecoin regulatory system. The Democrats' demands to prohibit government officials from holding crypto assets and other provisions were not included in the bill. Senate Republicans stated they would push for a vote again in the coming days.