Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 13285
Markets: 101573
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
America's Social Casino

Market Cap
24h Vol
13285
Cryptocurrencies
61.92%
Bitcoin Share
BitcoinSistemi 2025-05-09 14:09:08

US Cryptocurrency Friendly GENIUS Bill Rejected! US Treasury Secretary Made a Statement!

US Cryptocurrency Friendly GENIUS Bill Rejected! US Treasury Secretary Made a Statement!

The stablecoin law called “GENIUS Act”, which has been expected to be approved in the USA for a long time, was rejected by the US Senate. The GENIUS law was rejected in a critical vote with 48 “yes” and 49 “no” votes. US senators such as Senator Cynthia Lummis expressed disappointment over the rejection of the GENIUS Act, while a statement also came from US Treasury Secretary Scott Bessent. Scott Bessent harshly criticized the Senate's decision to halt the advancement of the GENIUS Act. He described the GENIUS bill as a generational opportunity to expand dollar dominance and increase U.S. influence in financial innovation, while arguing that stablecoins and cryptocurrencies need U.S. leadership. “The world needs American leadership to enable stablecoins and other digital assets to thrive globally. The Senate missed an opportunity to provide that leadership by not advancing the GENIUS Act today. This bill represents a once-in-a-generation opportunity to expand dollar dominance and U.S. influence in financial innovation. Without it, stablecoins will be subject to a patchwork of state regulations rather than a streamlined federal framework more conducive to growth and competition. Senators who voted to stifle U.S. creativity today face a simple choice: Either step up and lead, or watch as digital asset innovation moves offshore.” *This is not investment advice. Continue Reading: US Cryptocurrency Friendly GENIUS Bill Rejected! US Treasury Secretary Made a Statement!

Most Read News

Moralis Money
Market Cap
24h Vol
61.92%
Bitcoin Share
87
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.