Regulation

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Senate Advances GENIUS Act to Regulate $250B Stablecoin Market

May 20, 2025
The U.S. Senate has cleared a key procedural hurdle for the GENIUS Act, voting 66-32 to advance the stablecoin regulation bill to floor debate, following initial resistance from Democratic lawmakers citing conflicts tied to former President Donald Trump’s crypto activities. The GENIUS Act cleared a procedural vote in the U.S. Senate on May 19. Democratic
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