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GENIUS Act Nears Final Hurdle as Crypto Clash Heats Up in Senate.
The GENIUS Act faces a critical Senate vote as bipartisan support grows despite controversy over Trump’s crypto ties and USD1 stablecoin.
Industry leaders support the GENIUS Act, citing its potential to standardize stablecoin use and expand digital financial inclusion in the U.S.
Critics, led by Sen. Warren, warn the bill may accelerate financial risks and corruption linked to Trump’s USD1 stablecoin project.