Alex Thorn, head of research at Galaxy Digital, said in an X post that nine Senate Democrats, six of whom are members of the Senate banking committee, have expressed opposition to the current version of the GENIUS bill (Senate stablecoin bill). The group said they "cannot vote to end debate" if the current version of the bill goes to the full Senate for a vote.
It is worth noting that the four signatories (Senators Rochester, Warner, King, and Gallego) previously voted in March for the bill to move forward in the Senate Banking Committee, but now say they will not support the bill in a full Senate vote without changes in the bill.
Galaxy Digital Research Director: Nine Senate Democrats express opposition to the current version of the GENIUS Act
2025-05-03 23:33:51
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