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Posted: 2025-05-08 19:52:32 UTC
This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.
This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.
Status
Last Updated
2025-05-08 19:52:51 UTC
Verified By
Rollup News
The GENIUS Act, a major crypto regulation bill aimed at establishing rules for stablecoins, failed to pass in the Senate due to nine Democrats withdrawing their support, citing concerns over money laundering, foreign actors, and national security.
Crypto regulation
Stablecoins
Money laundering
National security
Senate vote
Concerns over money laundering
Concerns over foreign actors
Concerns over national security
Lack of regulatory framework for stablecoins