"It Was a Vote Against Trump": Tim Scott Blames Democrats for Stablecoin GENIUS Act Failure

BitcoincomNews

2025-05-09 12:52:26

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Story Highlights* Tim Scott blames Democrats for blocking the GENIUS Act, accusing them of political games.

Treasury Secretary Scott Bessent warns the Senate’s failure on stablecoin regulation weakens U.S. leadership in the global crypto race.
Industry leaders, including Mike Novogratz, criticize the Senate’s inaction, fearing the U.S. risks falling behind in stablecoin innovation.

TRUMP3,06%

ACT-2,14%

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