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The US stablecoin bill may pass on May 26, having removed provisions targeting the Trump family.
[The U.S. Stablecoin Bill May Pass on May 26, Provisions Against the Trump Family Removed] The U.S. Senate plans to pass the “National Innovation Stablecoin Guidance and Establishment Act” (GENIUS Act) as early as May 26. This bill aims to establish a federal regulatory framework for stablecoins. Previously, Democrats had blocked its progress on May 8 out of concern that the bill could allow former President Trump and his family to benefit from encryption projects. To reach Consensus, the bill has removed provisions related to the Trump family.