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by: xpoolPosted on: May 9, 2025

U.S. Senate Blocks Stablecoin Regulation, Raising Market Uncertainty

The U.S. Senate’s attempt to regulate stablecoins has failed, with a narrow 48-49 vote against the GENIUS Act. The bill aimed to establish regulations for these cryptocurrencies, but faced opposition, particularly stemming from concerns surrounding former President Trump’s involvement in the cryptocurrency space.

Related posts:

  1. FDUSD Depegs Following Justin Sun’s Regulatory Comments
  2. U.S. Senate Aims to Pass Stablecoin Regulation Bill Before May Recess
  3. Lummis Introduces GENIUS Act to Strengthen Stablecoin Regulation
  4. Trump & Powell Advocate for Stablecoins Over U.S. Central Bank Digital Currency
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