Title: U.S. Stablecoin Bill Faces Setbacks Amid Political and Ethical Storm
The U.S. Senate is struggling to pass the GENIUS Act, a major bill aimed at regulating stablecoins like USDT and USDC. Though it once had bipartisan support, Democratic lawmakers are backing out, worried about national security and financial risks. Making matters worse, a crypto company linked to Donald Trump has raised eyebrows, stirring ethical concerns. As political tension rises, the bill’s future hangs in the balance—leaving the crypto world watching anxiously