GENIUS Act Blocked After Senate Democrats Object to Security and Optics

The U.S. Senate’s failure to advance the GENIUS Act drew sharp criticism from Treasury Secretary Scott Bessent. He warned the decision could damage the country’s ability to lead in digital finance. This bill, officially the Guiding and Establishing National Innovation for US Stablecoins of 2025 Act, failed a procedural vote on May 8. Several Democratic […] The post GENIUS Act Blocked After Senate Democrats Object to Security and Optics appeared first on Coin Edition.