Buy Crypto- Markets
Futures- Spot
- Copy Trade
- Earn
- More
U.S. Senate Blocks Stablecoin Regulation with 48-49 Vote – Coincu
By: bitcoin ethereum news|2025/05/09 15:00:08
0
Share
The GENIUS Act failed to advance with a narrow 48-49 Senate vote. Bill aimed to regulate stablecoins in the U.S. Opposition centered on provisions related to former President Trump. In a closely contested vote, the U.S. Senate blocked the GENIUS Act on May 8, 2025. The bill intended to establish regulation for stablecoins, but was halted by a 48-49 vote. The vote’s failure prevents immediate regulation of stablecoins, maintaining uncertainty for issuers. Democratic opposition focused on banning executive officials, including Trump, from crypto activities. GENIUS Act Fails Amidst Political Discord in Senate The GENIUS Act , introduced by Sen. Hagerty, intended to set a regulatory framework for stablecoins. Despite bipartisan effort, it faced significant opposition. Democratic senators collectively voted against, partially due to its lack of prohibitions on Trump’s crypto activities, which some termed corrupt. Senator Elizabeth Warren , in opposition to the legislation, characterized Trump’s crypto ventures as “blatantly corrupt,” urging Democrats to filibuster the bill unless specific provisions were included. With the failure of the vote , the potential for a regulated stablecoin market becomes uncertain, impacting financial systems and mainstream adoption. The bill’s defeat left issuers without guidance. Senator Mark Warner emphasized the need for regulation, indicating Democrats see it as crucial. Rand Paul and Josh Hawley opposed the act, expressing concerns about tech giants like Amazon issuing stablecoins. Elizabeth Warren’s opposition highlighted the political tension. Market Uncertainty Lingers as Stablecoin Regulation Stalls Did you know? The GENIUS Act faced more opposition compared to earlier efforts to regulate stablecoins, reflecting a deepening political divide. CoinMarketCap reports Dogecoin (DOGE) has a current price of $0.19 and a market cap of 28,900,927,533. With a trading volume of 1,996,816,886, DOGE saw 6.71% price increase in 24 hours and 37.62% in 30 days, but a 90-day decrease of -21.47%. Dogecoin(DOGE), daily chart, screenshot on CoinMarketCap at 04:20 UTC on May 9, 2025. Source: CoinMarketCap Insights from the Coincu research team suggest that without stablecoin regulation, market volatility may persist . Historical trends indicate that regulatory clarity could foster wider adoption and investment. The GENIUS Act’s failure keeps the market in a state of limbo. Rebeca Romero Rainey , President and CEO, Independent Community Bankers of America (ICBA), urged: “ICBA urges the Senate to ensure the GENIUS Act provides regulatory clarity while including necessary guardrails to protect against the negative economic consequences that would result from community bank disintermediation.” Source: https://coincu.com/336532-senate-blocks-stablecoin-regulation/
You may also like
The flow of stablecoins and the spillover effects in the foreign exchange market
Research has found that an exogenous increase in net inflows of stablecoins significantly widens the price deviation between stablecoins and traditional foreign exchange, leads to depreciation of the local currency, and worsens the financing conditions for synthetic dollars (i.e., increases the doll...
After two years, Hong Kong's first batch of stablecoin licenses finally issued: HSBC, Standard Chartered make the cut
The regulated entity is set to launch a stablecoin in the first half of this year.
The person who helped TAO rise by 90% has now single-handedly crashed the price again today
As long as people are around, the story continues. But once they're gone, you may not even find a worthy opponent to play against.
3-Minute Guide to Participating in the SpaceX IPO on Bitget
Bitget IPO Prime brings a rare opportunity for global users to participate in world-class unicorn IPOs, allowing ordinary users to equally access the potential economic benefits of top-tier IPOs.
Top 5 Cryptos to Buy in 2026 Q1: A ChatGPT Deep Dive Analysis
Explore the top 5 cryptos to buy in Q1 2026 including BTC, ETH, SOL, TAO, and ONDO. See price outlooks, key narratives, and institutional catalysts shaping the next market move.
How to Earn $15,000 with Idle USDT Before Altcoin Season 2026
Wondering if altcoin season is coming in 2026? Get the latest market update, and learn how to turn your idle stablecoins waiting for entry into extra rewards up to 15,000 USDT.
Can You Win Joker Returns Without Large Trading Volume? 5 Mistakes New Players Make In WEEX Joker Returns Season 2
Can small traders win WEEX Joker Returns 2026 without huge volume? Yes—if you avoid these 5 costly mistakes. Learn how to maximize card draws, use Jokers wisely, and turn small deposits into 15,000 USDT rewards.
Altcoin Season 2026: 4 Stages to Profit (Before the Crowd FOMO In)
Altcoin Season 2026 is starting — discover the 4 key stages of capital rotation (from ETH to PEPE) and how to position before the peak. Learn which tokens will lead each phase and avoid missing the rally.
Will Alt season come in 2026? 5 Tips to Spot the Next 100x Crypto Opportunities
Will altcoin season arrive in 2026? Discover 5 rotation stages, early signals smart traders watch, and the key crypto sectors where the next 100x altcoin opportunities may emerge.
The bear market has arrived, and cryptocurrency ETF issuers are also getting involved
Today's listing of MSBT is the latest landmark in this restructuring, with the influx of institutions accelerating the embrace of cryptocurrencies by traditional finance, but also diluting the liquidity of the native market.
The richest man had a quarrel with his former boss
It has become a huge uproar, as several top figures in the Chinese cryptocurrency circle have engaged in intense verbal battles and confrontations in the past 24 hours.
BTC Firm Above 70K! Saylor’s "Institutional Logic" vs. Moon’s "Retail Faith": Who is Really Harvesting the Market?
Bitcoin is holding firm above the $70,000 support level following a massive short squeeze that liquidated $427 million. As the "Four-Year Cycle" narrative shifts, the market is split: Michael Saylor’s cold, institutional "indiscriminate stacking" vs. Carl Moon’s high-energy retail "hopium." This article decodes these two polar-opposite strategies for the 2026 bull run and reveals how WEEX’s institutional-grade liquidity and AI trading tools empower every type of investor to convert market volatility into profit.
The Girl Who Created the SBTI Test: A Story of a Doomed Cyber Love, an E-Widow Ratfolk
The usefulness of the useless is the highest usefulness.
B.AI Officially Launched: Building AI Agent Financial Bedrock Platform, Driving AGI Era Business Underlying Logic
B.AI has built a complete ecosystem from the AI Service Gateway to the AI Agent Financial Base: The LLM permissionless gateway integrates top global models and a unified API in one stop; The AI Agent infrastructure, through protocols such as x402 and 8004, empowers the AI Agent with an independent wallet and autonomous transactions.
B.AI Officially Launched: Breaking Down A2A Collaboration Barriers to Unlock the Smart Body Economy's Full Potential
With its Multi-Model Intelligent Routing breaking the compute bottleneck on one hand, and the integration of x402, 8004, Skills, and BAIClaw on the other hand, B.AI has seamlessly connected the full-stack business loop of AI Agents from large-scale intelligent scheduling to financial operational capability, accelerating the arrival of the AGI era.
We helped Xu Mingxing write a book called "<OK Life>".
That was a small-town youth who had lost three times, lost 2 million yuan selling a Beijing apartment, always felt like he was about to be spit out by Beijing, and on the screen, encountered something that was said to be unclaimable by anyone.
Rare APY of 400%, is TradeXYZ handing out money to oil bulls?
Futures Trading 101
a16z: Perpetual Contracts are Rewriting Global Trading Rules
Perpetual contracts are expected to become the mainstream trading instrument in the global financial market.
The flow of stablecoins and the spillover effects in the foreign exchange market
Research has found that an exogenous increase in net inflows of stablecoins significantly widens the price deviation between stablecoins and traditional foreign exchange, leads to depreciation of the local currency, and worsens the financing conditions for synthetic dollars (i.e., increases the doll...
After two years, Hong Kong's first batch of stablecoin licenses finally issued: HSBC, Standard Chartered make the cut
The regulated entity is set to launch a stablecoin in the first half of this year.
The person who helped TAO rise by 90% has now single-handedly crashed the price again today
As long as people are around, the story continues. But once they're gone, you may not even find a worthy opponent to play against.
3-Minute Guide to Participating in the SpaceX IPO on Bitget
Bitget IPO Prime brings a rare opportunity for global users to participate in world-class unicorn IPOs, allowing ordinary users to equally access the potential economic benefits of top-tier IPOs.
Top 5 Cryptos to Buy in 2026 Q1: A ChatGPT Deep Dive Analysis
Explore the top 5 cryptos to buy in Q1 2026 including BTC, ETH, SOL, TAO, and ONDO. See price outlooks, key narratives, and institutional catalysts shaping the next market move.
How to Earn $15,000 with Idle USDT Before Altcoin Season 2026
Wondering if altcoin season is coming in 2026? Get the latest market update, and learn how to turn your idle stablecoins waiting for entry into extra rewards up to 15,000 USDT.
App