Introduced in February, the bill floundered last month when pro-crypto Democrats threatened to walk away from negotiations over concerns it didn’t adequately protect consumers, the financial system, or national security.
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Senate passes landmark stablecoin bill as attention turns to House
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Senator Bill Hagerty secured bipartisan support for the GENIUS Act by adding conflict-of-interest and consumer-protection provisions
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Senator Bill Hagerty introduced GENIUS Act in February 2025 and steered it through committee negotiations
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