Senate Advances Landmark Cryptocurrency Legislation and Stablecoin Regulations
TL;DR Summary
The Senate passed the GENIUS Act, criticized for potentially enabling Trump to benefit financially from crypto-related deals and for lacking anti-corruption safeguards, with significant opposition from Democrats concerned about conflicts of interest and potential corruption.
- Senate passes GENIUS Act—criticized as gifting Trump ample opportunity to grift Ars Technica
- Senate Passes Cryptocurrency and Stablecoin Rules Bill The New York Times
- Coinbase Stock Jets Past Buy Point On Stablecoin News, Senate GENIUS Bill Investor's Business Daily
- Circle, Coinbase shares soar as Senate clears path for stablecoin regulation Reuters
- Senate passes first-of-its-kind cryptocurrency legislation CNN
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