The US stablecoin bill may be passed on May 26, removing provisions targeting the Trump family
2025-05-15 05:53:28
The U.S. Senate is scheduled to pass the National Innovation Stablecoin Guidance and Establishment Act (GENIUSAct) as early as May 26, which aims to establish a federal regulatory framework for stablecoins. Previously, Democrats blocked the bill on May 8 due to concerns that it could benefit former President Donald Trump and his family from crypto projects. To reach a consensus, the relevant provisions for the Trump family have been removed from the bill.
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