82 Amendments Piled On To Landmark Lummis-Backed Crypto Bill
WASHINGTON, D.C. — A landmark cryptocurrency bill backed by U.S. Sen. Cynthia Lummis, R-Wyoming, has attracted 82 amendments including a few on unrelated, hot-button issues like credit card fees and tariffs.
The GENIUS Act would regulate a category of cryptocurrency called stablecoins, and the large majority of the amendments pertain to the bill’s subject matter.
But some lawmakers, including at least two Republicans, are using the bill as a general-purpose vehicle and hitching up legislation that has nothing to do with crypto, much less stablecoins in particular.
Regardless of the nature of any amendment, it is all about leverage and bargaining: Lawmakers might demand votes for their amendments in exchange for their votes on the…
