The Senate passed the GENIUS Act, aiming to regulate stablecoins and enhance consumer protection. While supporters believe it opens doors for innovation, critics warn of weak regulations and potential conflicts of interest tied to Trump.
In a surprising turn of events, the Senate has advanced the GENIUS Act, a pivotal cryptocurrency regulation bill, with bipartisan support. This legislation aims to establish the first regulatory framework for stablecoins and address key consumer protection issues.
In a surprising move, Senate Democrats have blocked a crucial bill to regulate stablecoins, citing concerns over its implications for Donald Trump's financial interests. This decision raises questions about the future of cryptocurrency regulation in the U.S. and the influence of politics on the burgeoning industry.
In a surprising turn, the U.S. Justice Department has disbanded its National Cryptocurrency Enforcement Team, shifting its focus to criminal investigations involving cartels and terrorism using digital currency. This strategy marks a significant change in approach to digital assets.
