The spotlight has now fallen on the GENIUS Act, short for Guiding and Establishing National Innovation for U.S. Stablecoins.

Scott Bessent has slammed the Senate for blocking the GENIUS Act, warning it weakens U.S. crypto leadership ahead of the 2026 ...

Legislation to create a framework for payment stablecoins failed to clear a key hurdle on the Senate floor Thursday, after ...

Democrats united against the current version of the bill as they've raised concerns over Trump’s ties to the industry.

On May 8, the United States Senate failed to push forward the long-anticipated GENIUS Act, which would create clear rules for stablecoins. The bill, which had bipartisan support, was critical in ...

Senate Democrats blocked a first-of-its-kind bill aimed at regulating cryptocurrency in the US amid Democratic concerns over ...

Senate Banking Committee Chairman Tim Scott blamed the Guiding and Establishing National Innovation for US Stablecoins ...

The Senate is set taking a key vote Thursday on a first-of-its-kind crypto regulation bill. But opposition from Democrats amid ties between the crypto industry and the Trump family have threatened to ...

The move is a setback for the influential cryptocurrency industry, which spent heavily on congressional races last year.

All Democrats and three Republicans — including Sens. Rand Paul of Kentucky and Josh Hawley of Missouri — voted against the effort.