Buy Crypto- Markets
Futures- Spot
- Copy Trade
- Earn
- More
BREAKING: US Senate Rejects Crypto-Friendly GENIUS Act – Here Are the Details
By: cryptosheadlines|2025/05/09 03:30:09
0
Share
Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com The US Senate has put the GENIUS Act, a stablecoin bill that is expected to shape the future of the cryptocurrency industry, to a vote. However, the bill was rejected with 48 “yes” and 49 “no” votes.Senator Cynthia Lummis expressed disappointment in a statement following the vote:“I am deeply disappointed that we failed to pass this important bipartisan stablecoin legislation today. Digital assets are the future of finance, and America must be a leader in this space. I thank President Trump, Senator Gillibrand, Leader Thune, Chairman Scott, and Senator Hagerty for their commitment to keeping digital asset companies and jobs in our country. We must continue to advance regulations that protect America’s dollar dominance and make our country the crypto capital.”Democratic Senator Mark Warner (Virginia) made a separate statement, noting that the content of the law has not yet been finalized:“Stablecoins have an undisputed place in the future of finance. The US must set the standard for responsible innovation in this space. We have made meaningful progress with the GENIUS Act, but the text of the bill is not yet complete. As it stands, I cannot ask my colleagues to vote for this bill. I am committed to working to strengthen the legislation, and I hope we can move the process to the Senate plenary next week to consider its final version.”The bill is expected to be brought up again in the Senate in the future and voted on with amendments.*This is not investment advice.Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!Source link
You may also like
StandX launches SIP1 and SIP2: Position subsidy mechanism goes live, reshaping on-chain trading and revenue structure
StandX launches upgrades SIP1 and SIP2, unlocking large on-chain "slip-free" trading and dual returns on positions, completely reshaping the derivatives trading experience.
Huobi HTX Releases the "2026 Digital Asset Trend White Paper": Global Liquidity Restructuring, Defining a New Sovereign Era of "On-Chain Finance"
Huobi HTX has officially released the "2026 Digital Asset Trend White Paper," which deeply analyzes the ten core trends including AI agents, RWA, and institutionalization, steering the new era of on-chain finance with four major strategies: "stability, transparency, institutionalization, and AI empo...
DeFi Governance Revolution
Token economics was once regarded as the holy grail of incentives in DeFi, but the three major protocols have proven over the course of a year that even a well-designed mechanism can be worn down by the greed and inertia of reality.
Encrypted CEX is becoming a historical species
A silent species turnover has begun.
Who Pays for War? | Rewire News Morning Digest
Pentagon Estimates Current War’s Daily Average Cost at $10-20 Billion
Oil Price Surges Above $100, Yield Curve Inverts: U.S. Bonds Have Already Told the Market What Is Coming
Between inflation and recession, it is betting on recession.
Apple at 50: The Departure of Genius, the Permanence of the Machine
How to Buy Absolute Peace of Mind in the Capital Markets with Hundreds of Billions of Dollars in Cold, Hard Cash?
Disruption in the 13-week consecutive buying spree, What is the Strategy's Intent?
Strategy is shifting from relying on common stock issuance to using preferred stock as the primary funding mechanism for Bitcoin purchases.
Global Economic Recession: Has It Quietly Begun?
When energy, capital, and power reweave, decline becomes a strategic advantage
CoinShares 2026 Report: Have Bitcoin Miners Reached Their Toughest Moment?
Q1 2026 Bitcoin Mining Report: Price correction leads to mining power prices hitting a five-year low, mining companies accelerate transformation towards AI infrastructure, the industry faces a critical turning point.
The cryptocurrency project World, founded by OpenAI's founder, has raised $67 million in funding, yet still struggles with growth challenges
The world urgently needs to find new narratives and practical scenarios to support its FDV, which amounts to billions of dollars.
Morning News | American Bitcoin's BTC holdings have surpassed 7,000; Midas completes $50 million Series A financing; Upbit's parent company Dunamu announces 2025 revenue
Overview of Important Market Events on March 30
WEEX P2P now supports PHP—Merchant Recruitment Now Open
To make crypto deposits easier, WEEX has officially launched its P2P trading platform and continues to expand fiat support. We're excited to announce that the Philippine Peso (PHP) is now available on WEEX P2P!
A plunge of over 97% continues to unlock, yet WLD has completed $65 million in over-the-counter financing: who is still footing the bill?
In the current bear market environment, it is quite rare to complete token transactions worth tens of millions of dollars.
Potential Bitcoin Crash Below $60K May Delay Recovery to 2027
Key Takeaways: Bitcoin’s deep drawdown phase may extend recovery to the second quarter of 2027. Historical data shows…
BTC USD Price Drops Below $67K Amid Rising Treasury Yields
Key Takeaways: BTC USD slumped to $66,300, its first drop below $67K since March 9, driven by macroeconomic…
Second Bill Targets Insider Trading in Prediction Markets
Key Takeaways: The Public Integrity in Financial Prediction Markets Act of 2026 prohibits government officials from using insider…
India Apprehends Key Figure in Myanmar Crypto Fraud Complex
Key Takeaways: India’s Central Bureau of Investigation (CBI) arrested a key player in a scam that trafficked Indian…
StandX launches SIP1 and SIP2: Position subsidy mechanism goes live, reshaping on-chain trading and revenue structure
StandX launches upgrades SIP1 and SIP2, unlocking large on-chain "slip-free" trading and dual returns on positions, completely reshaping the derivatives trading experience.
Huobi HTX Releases the "2026 Digital Asset Trend White Paper": Global Liquidity Restructuring, Defining a New Sovereign Era of "On-Chain Finance"
Huobi HTX has officially released the "2026 Digital Asset Trend White Paper," which deeply analyzes the ten core trends including AI agents, RWA, and institutionalization, steering the new era of on-chain finance with four major strategies: "stability, transparency, institutionalization, and AI empo...
DeFi Governance Revolution
Token economics was once regarded as the holy grail of incentives in DeFi, but the three major protocols have proven over the course of a year that even a well-designed mechanism can be worn down by the greed and inertia of reality.
Encrypted CEX is becoming a historical species
A silent species turnover has begun.
Who Pays for War? | Rewire News Morning Digest
Pentagon Estimates Current War’s Daily Average Cost at $10-20 Billion
Oil Price Surges Above $100, Yield Curve Inverts: U.S. Bonds Have Already Told the Market What Is Coming
Between inflation and recession, it is betting on recession.
App