GENIUS Act fails Senate vote amid controversy, security concerns

Quick Summary:

The GENIUS Act stablecoin bill only received 49 votes after some Democratic Senators withdrew their support.

The post GENIUS Act fails Senate vote amid controversy, security concerns appeared first on CoinGeek.

Thus, in the long term, a blockchain, protocol or app that wants to scale and impact the real-world economy must comply with financial rules and regulations.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Gavin Lucas

Category: Crypto

Markets: CanadaEl SalvadorIndonesiaKenyaUnited States

Topics: Bitfinex Donald Trump USDT Stablecoins Business Circle DeFi World Liberty Financial USD1 Regulation Rand Paul Decentralized Finance GENIUS Act Tether STABLE Act Josh Hawley USDC

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-13 @ 11:00:00 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: coingeek.com

Language: English

Article Length: 923 words

Reading Time: 6 minutes read

Sentences: 38 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGeek

News ID: 28674803

View Article Analysis

About CoinGeek

Main Topics: Crypto

Official Website: coingeek.com

Update Frequency: 5 posts per day

Year Established: 2012

Headquarters: Canada

News Last Updated: 8 hours ago

Coverage Areas: Canada

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #82

Publisher Details

Frequently Asked Questions