#USStablecoinBill #USStablecoin US Senate Stablecoin Regulation Update In mid-March, the US Senate’s Genius Act to regulate stablecoins passed the Banking Committee with an 18-6 vote, including support from five Democrats. However, nine pro-crypto Democrats expressed opposition to the current version, citing insufficient provisions on anti-money laundering and national security. Cloture requires 60 votes, necessitating Democrat support, which may be jeopardized. Additionally, Trump-affiliated crypto activities, including plans for a stablecoin by World Liberty Financial, complicate the situation, attracting criticism from lawmakers like Senator Warren. As a result, regulatory clarity on stablecoins is now uncertain, and further revisions to the Bill are anticipated.
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