Senate expected to pass crypto bill without addressing Trump's investments
UNITED STATES, JUN 17 – The GENIUS Act mandates stablecoins be fully backed by U.S. dollar reserves and requires enhanced identity verification but exempts projects linked to the Trump family, raising conflict concerns.
- The Senate is expected to pass the bipartisan GENIUS Act on Tuesday, regulating stablecoins but leaving presidential conflict concerns unresolved.
- The bill advanced after months of bipartisan negotiations, despite earlier Democratic opposition and ongoing tensions over Trump's crypto interests.
- The GENIUS Act would establish consumer protections and guardrails for stablecoins, a digital asset often pegged to the U.S. dollar.
- Senate Banking Chair Tim Scott described the agreement as greatly improved due to everyone's involvement at the negotiating table, while opponents caution that it could enable extensive corruption linked to Trump.
- If passed by the Senate, the bill will face House scrutiny, and its passage signals growing crypto influence but leaves Trump's family's crypto earnings unaddressed.
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105 Articles
U.S. Senate passes crypto regulations, sends to House without addressing Trump's investments
Eighteen Democratic senators crossed the aisle to vote for the legislation on Tuesday (Jue 17, 2025), siding with the Republican majority in the 53-47 Senate; it failed to address Trump’s personal financial interests in the crypto space says Democrats
Senate Passes Crypto Regulations, Sends to House Without Addressing Trump's Investments
Get latest articles and stories on World at LatestLY. The Senate passed legislation Tuesday that would regulate a form of cryptocurrency known as stablecoins, the first of what the industry hopes will be a wave of bills to bolster its legitimacy and reassure consumers. World News | Senate Passes Crypto Regulations, Sends to House Without Addressing Trump's Investments.
Roanoke Times
Senate passes crypto regulations, sends to House without addressing Trump's investments
The Senate has passed legislation that would regulate a form of cryptocurrency known as stablecoins. It is the first of what the industry hopes will be a wave of bills to bolster its legitimacy and reassure consumers following its heavy…
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