🚨 SENATE DEMOCRATS BREAK RANKS ON THE GENIUS BILL—TRUMP'S CORRUPTION DRAMA SHAKES THE CRYPTO MARKET! 🚨
🔹 Cloture Invoked: On May 19, 16 Democratic senators joined Republicans to advance the GENIUS stablecoin bill in a procedural vote of 66–32—despite having previously blocked it over ethical concerns.
🔹 Ethical Scandal: These same senators had withdrawn their support in early May, citing concerns that the bill would enrich the stablecoin company World Liberty Financial and Trump's USD1.
🔹 No Safeguards: The slightly amended bill omits any exclusion for the Trump family's crypto empire, fueling outrage among progressive Democrats.
🔹 Warren's Warning: Senator Elizabeth Warren criticized the measure as “worse than no law,” warning that it empowers Trump’s “crypto corruption.”
🔹 Lummis's Push: Republican sponsor Senator Cynthia Lummis called the vote a “fair target” to pass the bill before May 26—with the aim of consolidating U.S. stablecoin leadership.
🔹 ETF Tsunami: Since April, $5.61 billion has flowed into spot ETFs—institutions are accumulating as regulatory clarity approaches.