- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
US Senate Removes Trump Provisions from Cryptocurrency-Friendly GENIUS Act, Will Vote Again! Here is the Critical Date!
By: bitcoin ethereum news|2025/05/16 06:30:06
0
Share
The cryptocurrency-friendly 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 in the first week of May. While the Senate’s decision to halt the advancement of the GENIUS Act has been heavily criticized by high-profile figures and the cryptocurrency industry, the US Senate may hold a new vote on the stablecoin bill in the near future. Democratic Senator Kirsten Gillibrand said the stablecoin bill would remove provisions targeting Trump’s family’s involvement in the cryptocurrency industry and that the Senate aims to pass the revised version by May 26. Speaking at the Stand With Crypto event, Gillibrand said that language in the GENIUS law referencing Trump-linked ventures, including memecoins, cryptocurrency platforms, stablecoins, and mining companies, has been removed. “When the revised version of the law comes out, people will see a lot of progress, a lot of really good improvement on things like consumer protection, bankruptcy protection and ethics.” Republican Senator Cynthia Lummis, a Bitcoin supporter, said she thinks passing the GENIUS Act on May 26, which is Memorial Day in the United States, is a “fair goal.” Most of What Trump Does Is Illegal! Gillibrand claimed that what US President Donald Trump did was illegal: “Most of what President Trump is doing is already illegal, and I also think it is illegal for him to issue memecoins under current law. Launching a memecoin means offering to send money to anyone who wants to get close to the administration. This is the most illegal thing possible. “This bill does not deal with President Trump’s ethical issues. The real purpose of this bill is to regulate the entire stablecoin space.” *This is not investment advice. Source: https://en.bitcoinsistemi.com/us-senate-removes-trump-provisions-from-cryptocurrency-friendly-genius-act-will-vote-again-here-is-the-critical-date/
You may also like
Uncovering YZi Labs 229 Investment: Over 18% of the portfolio is already inactive, with an average project transparency score of 78
In terms of strategic direction, YZi Labs has begun to extend into areas such as AI and stablecoins, but overall it is still in the layout and validation stage.
The business of crypto VC is becoming promising
Homogenized industries are ultimately fragile; only when different species can emerge does the market truly come alive.
China's AI Compute Power Counterstrike
The cost itself is the progress.
Global Assets Plunge: Hormuz, Chips, and a South Korean Holiday
The Dollar Wins, Everyone Else Loses
Bloomberg has reported twice, Hyperliquid once again in Wall Street's radar
Weekend Front-Running
Trump Backs Crypto Bill, SEC Halts Leveraged ETF, What Is the English-Speaking Crypto Community Talking About?
What Was Hot in the Last 24 Hours Among Expats?
OpenClaw Floods Into Polymarket, Some Making Tens of Thousands Per Month
Are you ready to venture into Polymarket and dive into the shrimp farming craze?
Understanding Trump's "Warfare Playbook": Ten Signals Investors Must Know
Debriefing Trump's series of conflicts over the past year, this article outlines ten stages of Trump's conflict strategy, revealing the underlying logic between war, market fluctuations, and eventual negotiation.
Iranian Missile Heading Toward UAE, Claude Also Within Range
On March 1st, an Iranian missile struck an Amazon data center in the UAE. On the same day, Claude experienced a worldwide outage.
Successive Core Team "Heroes" Depart, Has Aave's DAO Dream Crumbled?
「This is not a matter of right or wrong, but rather a situation where existing governance mechanisms have not provided an effective resolution when interests and positions are misaligned.」
Is This the Year of the Robot? A Deep Dive into Robotics Projects
What are some noteworthy projects in the Robotic Race track?
When AI Takes Over Money: Bitcoin Becomes the "First Choice," Fiat Is Left Out
AI's view on "what makes a good currency" is already quite consistent.
AI Trading in Live Markets: 4 Lessons From a WEEX Hackathon Top 10 Finalist
AI trading meets real markets. Explore 4 lessons from a WEEX Hackathon Top 10 finalist on surviving volatility, trusting AI models, and building smarter crypto trading systems.
MegaETH Co-founder: 48 Hours After Leaving Dubai, I Reassessed the Entire Crypto Space
In an era of technological upheaval, rather than pursuing the "legitimacy" co-opted by power, it is better to sharpen the blade and build parallel systems that truly expand individual sovereignty.
Web3 Winter Mass Exodus: Resignations, Closures, Transformations, and Acquisitions
The intense collision between technology and capital, products and markets, vision and reality, each story reflects the confusion and unwillingness of the market participants.
Key Market Information Discrepancy on March 4th — A Must-Read! | Alpha Morning Report
1. Top News: Strait of Hormuz Emerges as Flashpoint in US-Iran Standoff, US Stocks Trim Losses, Asia-Pacific Markets Open Sharply Lower, Cryptocurrencies See Slight Recovery
2. Token Unlock: None
During the weekend market closure, Hyperliquid more accurately predicted the Gold reopening price than Binance
When markets are closed and real-time pricing is needed due to geopolitical risks, Hyperliquid takes the lead and is closer to the eventual futures reopening price.
OpenClaw thrusts crypto project Venice.ai into the spotlight as its token VVV surges over 500% in a single month
Openclaw Founder Advises Young People "Not to Waste Time on Cryptocurrency," Yet in its official documentation, it lists the cryptocurrency project Venice.ai as a recommended model provider.
Uncovering YZi Labs 229 Investment: Over 18% of the portfolio is already inactive, with an average project transparency score of 78
In terms of strategic direction, YZi Labs has begun to extend into areas such as AI and stablecoins, but overall it is still in the layout and validation stage.
The business of crypto VC is becoming promising
Homogenized industries are ultimately fragile; only when different species can emerge does the market truly come alive.
China's AI Compute Power Counterstrike
The cost itself is the progress.
Global Assets Plunge: Hormuz, Chips, and a South Korean Holiday
The Dollar Wins, Everyone Else Loses
Bloomberg has reported twice, Hyperliquid once again in Wall Street's radar
Weekend Front-Running
Trump Backs Crypto Bill, SEC Halts Leveraged ETF, What Is the English-Speaking Crypto Community Talking About?
What Was Hot in the Last 24 Hours Among Expats?
App