Tuesday, 17 June, 2025

Senate Nears Stablecoin Regulation in GENIUS Act but Omits Trump Conflict Statute

The U.S. Senate is poised to pass the GENIUS Act, introducing stablecoin guardrails like consumer protections, reserve mandates, and bankruptcy prioritization. With bipartisan backing (18 Democrats, 53 Republicans), it avoids addressing President Trump’s personal or family crypto holdings, despite his investments in ventures like World Liberty Financial. Critics argue this oversight leaves a major conflict of interest unregulated. The bill now moves to the House for possible amendments.