Trump’s Investments Might Go Unchecked in Senate’s Crypto Bill
Key Notes
- The Senate is likely to approve the stablecoin regulation bill on June 17.
- The bill bans Congress members from making profits off stablecoins.
- Trump’s ventures have gone unaddressed so far, triggering pressure from Democrats.
The GENIUS Act (Guiding and Establishing National Innovation for US Stablecoins Act) is expected to strengthen the crypto ecosystem with high expectations of being approved.
According to a report by ABC News, the US Senate will likely approve the bill on June 17. The document will subsequently be submitted to the United States House of Representatives for additional revisions before its full implementation.
So far, 67 senators (53-47 majority) have shown support for the GENIUS…
