Schumer Vetoes Republican Government Funding Bill, Proposes Amendment Targeting Stablecoin Profits

U.S. Senate Minority Leader Chuck Schumer has voiced his disapproval of the Republican-backed government funding bill, signaling a potential clash with House Republicans. He believes House Democrats should strongly oppose this proposal, stating that he voted against it. Notably, Senator Schumer, alongside Senators Elizabeth Warren and Jeff Merkley, is working on an amendment to the GENIUS Act, aiming to limit the Trump family’s involvement in stablecoin profits.