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CoinVoice has learned that, according to Eleanor Terrett, Senator Ruben Gallego and 9 other senators issued a joint statement expressing their inability to support the updated version of the GENIUS bill released last week. The group pointed out several issues, including insufficient AML provisions and concerns regarding national security and the safety of the financial system.
It is worth noting that the four Democratic senators Gallego, Warner, Kim, and Blunt Rochester supported the original version of the bill during the March banking committee review. The bill's co-sponsor Angela Alsobrooks did not sign the letter.