Democrats’ Demands in Bill That Could Be a Legal Victory for Cryptocurrencies in the US Have Been Revealed: Vote to Take Place Today

The cryptocurrency industry is approaching a significant legal milestone while the debate over stablecoin regulation in Congress intensifies. Democrats on the Senate Banking Committee have criticized the GENIUS bill, alleging it could lead to "Trump crypto corruption" and give digital currencies undue influence over Big Tech. Key criticisms include concerns about the bill's provisions requiring stablecoins to be backed by secure assets like treasury bonds, compliance with anti-money laundering rules, and prioritizing investor creditors during bankruptcies