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Senate Passes Genius Act to Regulate Stablecoins Amid Controversy

6/20/2025

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Senate Passes Genius Act

In a significant move, the Senate passed the Genius Act, regulating stablecoins with a strong bipartisan vote of 68-30. This legislation seeks to enhance consumer protections amid growing crypto influence. However, concerns about conflicts of interest related to President Trump loom large, and the bill now faces potential hurdles in the House before the August recess.

Center

Trump Navigates GOP Divisions

As tensions escalate between Israel and Iran, President Trump grapples with deepening divisions within the GOP regarding military action. While some lawmakers demand congressional approval for strikes, others push for unilateral decisions. Bipartisan efforts are surfacing to reinforce Congress's war powers, highlighting a collective anxiety over potential conflict and the urgent call for diplomacy.

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Senate Passes Genius Act

In a significant move, the Senate passed the Genius Act, regulating stablecoins with a strong bipartisan vote of 68-30. This legislation seeks to enhance consumer protections amid growing crypto influence. However, concerns about conflicts of interest related to President Trump loom large, and the bill now faces potential hurdles in the House before the August recess.

1 / 2