A bill aimed at regulating stablecoins in the US faces further delays as concerns surrounding President Donald Trump’s potential conflicts of interest persist. The Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act failed to secure a majority in the Senate on May 8th, prompting calls from some lawmakers to halt any legislation related to digital assets until Republicans address these concerns. While Republican senators are likely to reconsider the bill, they are unlikely to modify it to prevent Trump or members of his administration from investing in cryptocurrency. Experts suggest that this pause could provide time for parties involved to clarify provisions and address lawmaker’s concerns.