Trump’s Crypto Ventures Halt Stablecoin Bill Progress in US Congress

President Trump’s involvement in the cryptocurrency industry is impacting the progress of a key U.S. bill aimed at regulating stablecoins. The GENIUS Act, designed to establish the first framework for stablecoins in the U.S., has stalled due to concerns about potential conflicts of interest arising from Trump’s crypto investments. This legislative hurdle raises questions about political influence and its impact on regulatory clarity within the cryptocurrency market.