The failed vote presented a stunning setback for the measure after last-minute opposition from a bloc of crypto-friendly Democrats derailed talks.

The Genius Act failed in its first full Senate vote due to concerns about money laundering and President Trump's meme coin.

Senate has rejected the GENIUS Act, delaying stablecoin rules as partisan tensions grow over dollar dominance and Trump’s ...

"The world is watching while American lawmakers twiddle their thumbs," he added. "Senators who voted to stonewall U.S.

Stablecoins have come into focus on Thursday, as Democrats opposed legislation aimed at creating a legal pathway for the ...

The stablecoin legislation failed to clear today's cloture vote, 48-49, but Democratic Sen. Ruben Gallego says he'll press ...

The Senate Stablecoin Bill, the Genius Act, or The Guiding and Establishing National Innovation for U.S. Stablecoins (S 1582) ...

Senate Democrats on May 8 sank a procedural vote on a bill regulating stablecoins, blocking its advancement, but the process ...

WASHINGTON – Senate Democrats blocked a bipartisan bill to create a legal framework for cryptocurrency after concerns about ...

In a rare occurrence, which may only last for a week, Democrats in the Senate showed some spine and voted down an important ...

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

The much-touted GENIUS Act, a bill that would provide regulatory clarity for stablecoins in the United States, failed to pass ...