After facing initial Democratic resistance due to concerns about the Trump family\u2019s involvement in the cryptocurrency industry, the Senate has now moved forward with a bill aimed at regulating stablecoins. This legislation, known as the GENIUS Act, seeks to establish a regulatory structure for stablecoins, which are cryptocurrencies whose value is linked to assets like the U.S. dollar.<\/p>\n\n\n\n
The bill had previously advanced from the Senate Banking Committee with bipartisan support in March, but its progress stalled earlier this month when Democratic support waned. This shift in stance was reportedly influenced by worries surrounding former President Trump and his family\u2019s crypto-related business dealings.<\/p>\n\n\n\n
However, in a recent vote, the measure garnered enough support to limit debate and proceed toward a final vote, passing with a 66-32 margin. Senate Majority Leader John Thune criticized the earlier Democratic blockade, emphasizing the bill\u2019s bipartisan nature and the consensus behind it.<\/p>\n\n\n\n
Negotiations occurred after the initial failed vote, leading to renewed support from some Democrats. Senator Mark Warner of Virginia, while acknowledging the bill isn\u2019t perfect, called it a \u201cmeaningful step forward,\u201d highlighting the nearly $250 billion stablecoin market and the necessity for clear regulations to protect consumers, national security, and innovation. Despite this support, Warner also voiced concerns shared by other senators regarding the Trump family\u2019s alleged use of crypto to evade oversight.<\/p>\n\n\n\n
Senator Elizabeth Warren of Massachusetts, a leading Democrat on the Senate Banking Committee, remains a vocal opponent, arguing that the bill endangers consumers and could enable corruption. She stated that her concerns haven\u2019t been addressed and urged her colleagues to reject the current version, suggesting that a weak bill is worse than no bill at all.<\/p>\n\n\n\n
\u0110\u1ea7u th\u00e1ng n\u00e0y, d\u1ef1 lu\u1eadt \u0111\u00e3 kh\u00f4ng \u0111\u1ea1t \u0111\u01b0\u1ee3c 60 phi\u1ebfu b\u1ea7u c\u1ea7n thi\u1ebft do s\u1ef1 ph\u1ea3n \u0111\u1ed1i c\u1ee7a t\u1ea5t c\u1ea3 c\u00e1c Th\u01b0\u1ee3ng ngh\u1ecb s\u0129 D\u00e2n ch\u1ee7 v\u00e0 hai Th\u01b0\u1ee3ng ngh\u1ecb s\u0129 C\u1ed9ng h\u00f2a. L\u00fd do c\u1ee7a h\u1ecd bao g\u1ed3m lo ng\u1ea1i v\u1ec1 vi\u1ec7c qu\u1ea3n l\u00fd qu\u00e1 m\u1ee9c v\u00e0 d\u1ef1 lu\u1eadt kh\u00f4ng c\u1ea5m c\u00e1c c\u00f4ng ty c\u00f4ng ngh\u1ec7 l\u1edbn ph\u00e1t h\u00e0nh stablecoin c\u1ee7a ri\u00eang h\u1ecd.<\/p>\n\n\n\n
Senator Bill Hagerty of Tennessee, the bill\u2019s sponsor, defended the legislation, asserting that the lack of a regulatory framework is causing uncertainty and driving innovation overseas. He emphasized the bipartisan policy agreement and urged overcoming partisan politics to secure a positive outcome.<\/p>\n\n\n\n
Tuy\u00ean b\u1ed1 mi\u1ec5n tr\u1eeb tr\u00e1ch nhi\u1ec7m:<\/strong>\u00a0B\u00e0i vi\u1ebft n\u00e0y ch\u1ec9 nh\u1eb1m m\u1ee5c \u0111\u00edch cung c\u1ea5p th\u00f4ng tin v\u00e0 kh\u00f4ng c\u1ea5u th\u00e0nh l\u1eddi khuy\u00ean v\u1ec1 t\u00e0i ch\u00ednh ho\u1eb7c \u0111\u1ea7u t\u01b0. Ng\u01b0\u1eddi \u0111\u1ecdc n\u00ean t\u1ef1 nghi\u00ean c\u1ee9u ho\u1eb7c tham kh\u1ea3o \u00fd ki\u1ebfn c\u1ed1 v\u1ea5n t\u00e0i ch\u00ednh \u0111\u01b0\u1ee3c c\u1ea5p ph\u00e9p tr\u01b0\u1edbc khi \u0111\u01b0a ra b\u1ea5t k\u1ef3 quy\u1ebft \u0111\u1ecbnh \u0111\u1ea7u t\u01b0 n\u00e0o. Ch\u00fang t\u00f4i kh\u00f4ng ch\u1ecbu tr\u00e1ch nhi\u1ec7m v\u1ec1 b\u1ea5t k\u1ef3 k\u1ebft qu\u1ea3 t\u00e0i ch\u00ednh n\u00e0o d\u1ef1a tr\u00ean th\u00f4ng tin \u0111\u01b0\u1ee3c cung c\u1ea5p.<\/p>\n\n\n\n <\/p>","protected":false},"excerpt":{"rendered":" After facing initial Democratic resistance due to concerns about the Trump family\u2019s involvement in the cryptocurrency industry, the Senate has now moved forward with a bill aimed at regulating stablecoins. This legislation, known as the GENIUS Act, seeks to establish a regulatory structure for stablecoins, which are cryptocurrencies whose value is linked to assets like […]<\/p>\n","protected":false},"author":2,"featured_media":361,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"saved_in_kubio":false,"footnotes":""},"categories":[51],"tags":[54,53,56,67,60,66,64,65,57],"class_list":["post-360","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-bitcoin","tag-blockchain","tag-crypto","tag-crypto-laws","tag-cryptocurrency","tag-legislation","tag-news","tag-senate","tag-viettoken"],"_links":{"self":[{"href":"https:\/\/viettoken.com\/vi\/wp-json\/wp\/v2\/posts\/360","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/viettoken.com\/vi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/viettoken.com\/vi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/viettoken.com\/vi\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/viettoken.com\/vi\/wp-json\/wp\/v2\/comments?post=360"}],"version-history":[{"count":1,"href":"https:\/\/viettoken.com\/vi\/wp-json\/wp\/v2\/posts\/360\/revisions"}],"predecessor-version":[{"id":362,"href":"https:\/\/viettoken.com\/vi\/wp-json\/wp\/v2\/posts\/360\/revisions\/362"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/viettoken.com\/vi\/wp-json\/wp\/v2\/media\/361"}],"wp:attachment":[{"href":"https:\/\/viettoken.com\/vi\/wp-json\/wp\/v2\/media?parent=360"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/viettoken.com\/vi\/wp-json\/wp\/v2\/categories?post=360"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/viettoken.com\/vi\/wp-json\/wp\/v2\/tags?post=360"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}