
PANews|May 15, 2025 06:06
US Senator: stablecoin bill has removed references to Trump family, Senate plans to pass by May 26th
According to Cointelegraph, the US Senate may pass a bipartisan stablecoin bill, the GENIUS Act, as early as next week after removing statements related to President Trump and his family's cryptocurrency interests.
Democratic Senator Kirsten Gillibrand stated that the wording of the bill has been revised, removing provisions targeting Trump's cryptocurrency projects such as Meme. She emphasized that the revised bill has improvements in consumer protection and other aspects, and is not focused on Trump's ethical issues, but aims to regulate the stablecoin industry.
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