The Senate's decision to block the GENIUS Act has raised concerns about the U.S. leadership in digital assets. Treasury Secretary Janet Yellen criticized this move on May 9, 2025, warning of fragmented innovation and missed opportunities for stablecoin regulation.
The impasse leaves U.S. digital asset innovation vulnerable as other regions, like the EU, advance their legislative frameworks. The U.S. dollar-pegged stablecoin USDC remains stable, but the lack of clear federal guidelines could hinder its global competitiveness.
Full story here: https://coincu.com/336645-genius-act-us-senate-blocked
