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Published United StatesUpdated

Democrats Push to Amend GENIUS Act Due to Trump’s Crypto Ties - WorldNL Magazine

Summary by CryptoPotato
The United States government is close to enacting its first crypto legislation, the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act. However, Democratic lawmakers are pushing to include protections against corruption from public officials, especially the family of President Donald Trump. According to a report from Axios, a group of senators insists the bill needs to be amended to prevent Trump and his inner circle …
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After passing the Senate, the GENIUS Act faces controversial amendments, tight deadlines, and the shadow of Trump's stablecoin to become a reality. Read more

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CryptoPotato broke the news in on Friday, May 23, 2025.
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