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GENIUS Act Stalls: Leaders Slam Senate Over Regulatory Gridlock on Stablecoins

CoinGape LogoCoinGape19h ago

GENIUS Act Stalls: Leaders Slam Senate Over Regulatory Gridlock on Stablecoins - CoinGape

Quick Summary:

This development has sparked a fresh wave of commentary from prominent figures, including Scott Bessent, John Deaton, and Senator Cynthia Lummis, on the Senate’s regulatory gridlock.

Stablecoin regulatory uncertainty has hit a fever pitch with the US Senate’s recent failure to advance the much-anticipated GENIUS Act.

He urges lawmakers to set aside partisan differences and prioritize the country’s interests, pushing for renewed efforts to advance the bill.

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GENIUS Act Stalls: Leaders Slam Senate Over Regulatory Gridlock on Stablecoins - CoinGape (Picture 1)

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Article Details

Author / Journalist: Nynu V Jamal

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-09 @ 08:06:49 (19 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 337 words

Reading Time: 2 minutes read

Sentences: 29 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 28509827

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About CoinGape

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Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 33 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #59

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The story "GENIUS Act Stalls: Leaders Slam Senate Over Regulatory Gridlock on Stablecoins" was covered 19 hours ago by CoinGape, a news publisher based in India.

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  • News ID: #28509827
  • URL: https://apeiron.beamstart.com/news/genius-act-stalls-leaders-slam-17467782106970

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