The Genius Stablecoin Act Failed to pass a major vote on the US Senate procedure. The vote, known as a cloture vote, aimed at ending the debate and promoted the bill to a full vote but fell to the required 60 votes, with a tally of 49 in favor and 48 battles.
Maraming mga pro-crypto Democrats, kasama sina Ruben Gallego, Mark Warner, Lisa Blunt Rochester, Andy Kim, Kirsten Gillibrand, at Ang Angela Alsobrooks, ay bumoto laban sa cloture, na binabanggit ang mga alalahanin sa pinakabagong draft ng Bill, lalo na sa paligid ng mga probisyon ng anti-money na si Donald Trump, at tulad ng mga salungatan na interes ng interes ni President Donald Trump, as about the same as the poor, as in the same as interested, as in the same way, $ USD1 Stablecoin is linked to World Liberty Financial.
Republican Senator Josh Hawley and Rand Paul Also voted against it, with the head of the Senate Majority John Thune Moving his vote to “No” to allow the re -evaluation of the law later. Failure has increased doubts about the immediate future of the bill and may affect other crypto-related laws, as the support of the bipartisan has weakened. Democrats have expressed concerns about the lack of a bill against corruption and its potential to benefit Trump's financial interests, while some republicans criticize democrats in playing partisan politics.
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The negotiations are ongoing, with the hope of changing the bill for another vote, perhaps as early as the following week, but the setback will fade prospects for the SWIFT passage. The failure to pass the vote procedure delayed the comprehensive US Stablecoin regulation, leaving the crypto industry in a state of uncertainty. Stablecoins, critical for crypto and defi trade, lack of clear federal administration, potentially tedious innovation and investor confidence.
Setback can relieve sentiment in the crypto market, especially for StableCoin-related projects. Uncertainty can lead to reduced investment in US -based crypto adventures, as companies may look at constituents with clearer regulations, such as EU or Singapore. The vote features a growing political tension in crypto policy. Failure can boost critics of Crypto friendly law, while pro-Crypto lawmakers face pressure to address concerns about transparency, anti-money laundering (AML), and conflicts of interest.
The accusation of the bill favored by Trump -related projects, such as $ USD1 tied to the World Liberty Financial, has intensified the investigation. This can lead to more strict administration of involvement in political figures in crypto or demanding for divestment from such adventures. Bipartisan divides can complicate other crypto bills, such as those responding to the defi or crypto taxation. Lawmakers should be regulating bridge gaps, but partisan confidence and posting issues can impede development.
Senators like Mark Warner and Kirsten Gillibrand Expressed The restlessness of the weak provisions of the AML, fearing stablecoins can facilitate illicit finances or prevent sanctions. Democrats, including Ruben Gallego and Angela AlsobrooksThe bill was criticized for potentially benefiting Trump's crypto adventures, pointing to $ USD1 and World Liberty Financial. They focus that the bill has no protection against conflicts of interest. Some Democrats have pushed for stronger steps to protect retail investors from volatility of stablecoin or insolvency, citing past failures such as Terrausd.
Most Republicans, led by figures such as Senate Banking Committee Chair Tim ScottThe bill is supported, which focuses on the change and position in the US as a crypto leader. They view stablecoin regulation as a step toward mainstream adoption. Republicans have accused Democratic political votes, claiming their opposition derived from the anti-Trump sentiment rather than policy issues. They focus on delaying harm to us. Senators Josh Hawley and Rand Paul broke up in the rankings, along with Hawley who were skeptical of the broader value of crypto society and Paul cited libertarian concerns about regulating regulation.
The vote revealed a fracture coalition. While some democrats want Cory Booker Initially, the Crypto friendly policies were backed, the latest draft flaws and Trump's relationships exploded the support. Meanwhile, Republicans struggle to unite their caucus, with tactics on the procedure (for example, Thune vote switch) that signed internal doubts about the immediate path. The division reflects the broader ideological divisions: Democrats value regulation and equity, as Republicans emphasize change and deregulation. The reconciliation of these views will require compromise with AML policies, conflict-of-interest provisions, and consumer care.
The negotiations are carried out to change the bill, with potential amendments to strengthen the AML steps and address conflict-of-interest concerns. A new vote may happen as soon as possible, but the division suggests the passage remains unsure without significant concessions. The outcome will shape the US crypto policy and influence global regulatory trends.
