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Democratic Senator Plans to Amend GENIUS Act to Prevent Trump Family from Profiting From It
2025-05-23 07:51
BlockBeats News, May 23rd, according to Axios, despite the majority of US Senators voting in favor of the regulatory stablecoin bill "GENIUS" on May 20th, Democratic Party leaders are planning to propose an amendment to the bill to address former President Trump's ties to the cryptocurrency industry.
Senate Minority Leader Chuck Schumer, Senators Elizabeth Warren, and Jeff Merkley will introduce an amendment to the "Guiding Establishments for the Nation of Inventors of the United States (GENIUS) Act" to prevent the US President from benefiting from stablecoins.
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