📰 News Alert...

🔖 Title: Democratic Support for Stablecoin Legislation Wanes Amid Corruption Concerns

🗓️ Published: 2025-05-06T09:00:00-04:00

📄 Summary: Democratic lawmakers in Washington are retracting their support for the GENIUS Act, a major stablecoin regulation bill, due to rising concerns regarding corruption tied to Donald Trump's World Liberty Financial (WLFI). Despite initial bipartisan backing, influential Democratic senators have expressed discomfort with the bill's provisions, citing the need for stronger anti-money laundering measures and accountability. This withdrawal threatens the future of bipartisan efforts on cryptocurrency legislation, especially as high-profile deals involving Trump raise ethical questions. The political landscape in Congress appears increasingly fraught, complicating progress on stablecoin regulations.

🔗 https://cointelegraph.com/news/us-stablecoin-bill-loses-democratic-support-trump-corruption-concerns?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

🗞️ Source: Cointelegraph by Aaron Wood

💓 #CryptoRegulation #Stablecoins #PoliticalIntegrity