US Senate to vote on stablecoin bill on Thursday

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ODAILY
2 days ago
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Planet Daily News: The U.S. Senate is scheduled to hold a critical vote on the GENIUS Stablecoin Bill on Thursday. The bill requires stablecoins to be fully backed by liquid assets such as U.S. dollars and short-term government bonds. As 60 votes are needed to pass, Republicans need to secure Democratic support. Currently, several Democratic senators oppose the bill due to insufficient foreign asset regulation and anti-money laundering provisions, and there are also divisions within the Republican Party. Meanwhile, Democrats are investigating Trump's connections to the cryptocurrency industry. ()

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