Democrats block stablecoin bill in blow to crypto

Tim Scott Slams Dems for Blocking Crypto Bill - American Faith

Senate Banking Committee Chairman Tim Scott (R-SC) sharply criticized Senate Democrats on Friday for blocking the GENIUS Act, a Republican-led bill to regulate stablecoins and promote financial inclusion. Speaking to Breitbart News, Scott called the move “disgusting” and accused Democrats of prioritizing politics over helping working-class Americans. The Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act aimed to crea…

The Hidden Dollar Revolution: America’s New Digital Money System

by Matt Smith, International Man: This entire post is the result of a thought experiment and subsequent research. The question I asked myself was, “What if, knowingly or not, the Trump administration was continuity rather than revolutionary?” The Digital Control Grid: Hidden in Plain Sight America’s digital control grid wasn’t built overnight. It wasn’t constructed […]

Key legislation to advance cryptocurrency blocked by Dems on the Senate floor

A bipartisan bill to advance and regulate stablecoins was shot down on the Senate floor Friday after Democrats who previously voted in favor of the legislation changed course.Sources close to GOP party leadership say Senators Elizabeth Warren, D-Massachusetts, and Minority Leader Chuck Schumer, D-New York, rallied the party against the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act ahead of a vote to take up the b…

The GENIUS Act—a proposal to regulate the stables and put order in the crypto Far West—was blocked in the Senate, and not because of lack of technical votes, but because of excess mistrust. What seemed like a historic step towards legitimizing digital assets ended up crashing against the wall of suspicions of corruption, thanks to the small detail that President Trump’s family has a cryptic business empire, including a stablecoin that would casu…

Tim Scott: 'Disgusting' Senate Democrats Blocked Crypto Bill

Senate Banking Committee Chairman Tim Scott (R-SC) on Friday told Breitbart News that, as a kid who grew up in poverty, it was "disgusting" to see Senate Democrats block a crypto bill that promotes financial inclusion. The post Exclusive — Sen. Tim Scott: As a Kid Growing Up in Poverty, ‘Disgusting’ Senate Democrats Blocked Crypto Bill to Boost Financial Inclusion appeared first on Breitbart.

Even Dems Who Initially Backed Crypto GENIUS Act Block It Over 'Outstanding Issues'

U.S. Senate Democrats and a couple of Republicans blocked a cryptocurrency bill about stablecoin regulation opposed by progressive groups and lawmakers.