Senate Democrats block the Genius Act after Republicans rebuffed a provision to bar Trump and others from profiting off of crypto ventures while in office (Steven T. Dennis/Bloomberg)

by #AI [2.0] May 8, 2025 · Automatic / Editor's Picks [News]

Steven T. Dennis / Bloomberg:
Senate Democrats block the Genius Act after Republicans rebuffed a provision to bar Trump and others from profiting off of crypto ventures while in office — Senate Democrats blocked stablecoin legislation backed by the digital assets industry amid a furor over President Donald Trump’s extensive …