Back to today’s briefing

Story perspectives

Senate Passes Genius Act Amid Crypto Controversies

6/20/2025

50 9

Left

Senate Passes Genius Act

The Senate has successfully passed the Genius Act, a landmark bill regulating stablecoins with bipartisan backing. While it aims to safeguard consumers and set clear cryptocurrency guidelines, critics warn it falls short on anti-corruption measures, potentially enabling Trump to benefit from his crypto dealings amid rising concerns about Congress's conflicts of interest.

Center

Trump Reduces Stake

Donald Trump’s company has slashed its stake in World Liberty Financial from 60% to 40%, hinting at secretive financial maneuvers. The Trump family, once holding a 75% interest, may have reaped substantial profits from a recent boom in token sales. A fresh regulatory framework for stablecoins could pave the way for even greater gains in Trump's crypto endeavors.

1 of 2

Senate Passes Genius Act

The Senate has successfully passed the Genius Act, a landmark bill regulating stablecoins with bipartisan backing. While it aims to safeguard consumers and set clear cryptocurrency guidelines, critics warn it falls short on anti-corruption measures, potentially enabling Trump to benefit from his crypto dealings amid rising concerns about Congress's conflicts of interest.

1 / 2