American Senate votes against the genius after the Democrat

The American Senate voted on Thursday against the promotion of the Genius ACT, a key account that would regulate stablecoins, marking the return for the CRIPTO industry for regulatory clarity.

Procedural voting on clotation Failed to 48-49, decline in a lack of 60 votes required to start a formal debate.

Despite the months of the courtyard negotiations and the previous victory in the Senate Banking Board, late opposition Senate Democrats kicked the swing.

MPs stated concerns against insufficient protective measures against illegal finances and foreign publishers of Stablecoin, while several democrats pointed out President Donald Trump Cripto Affiliations – including your memecoin and fundraising – as complication of the process.

Senators Josh Hawlei and Rand Paul broke from her party to vote against the improvement of legislation. The leader of most Senate John Thune was overturning voting at the last minute, procedural tactics to allow reconsideration.

Sen. Ruben Gallego, who previously supported the bill and received $ 10 million from PRO-CRIPTO PAC 2024. Years, invited a break to revise legislation.

Legislation is not dead – still

Despite the downfall, some legislators remain optimistic. Sen. Mark Warner noted The bill “has not yet been completed” and still requires key protection for Americans. Meanwhile, Republicans like hay. Sinthia Lummis warned This delayed progress could be stifled by the CRIPTO innovation.

Sen. Bill Hagerti, the sponsor was, he said Voting was “killing the crypto industry here in America.”

The debate can continue next week, until further negotiations.