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U.S. stablecoin regulation could be delayed as pro-crypto Democrats pull support – TON BOT

U.S. stablecoin regulation could be delayed as pro-crypto Democrats pull support

Nine Democratic Senators are withdrawing support for the GENIUS Act, a stablecoin bill, citing concerns about regulations, anti-money laundering, national security, and accountability. Other critics include Senator Elizabeth Warren and community banking organizations. Republicans have made changes to the bill in hopes of bipartisan support, but Democrats’ opposition may delay its passage.


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