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Senate expected to pass crypto bill without addressing Trump's investments

  • The Senate is expected to pass the bipartisan GENIUS Act on Tuesday, regulating stablecoins but leaving presidential conflict concerns unresolved.
  • The bill advanced after months of bipartisan negotiations, despite earlier Democratic opposition and ongoing tensions over Trump's crypto interests.
  • The GENIUS Act would establish consumer protections and guardrails for stablecoins, a digital asset often pegged to the U.S. dollar.
  • Senate Banking Chair Tim Scott described the agreement as greatly improved due to everyone's involvement at the negotiating table, while opponents caution that it could enable extensive corruption linked to Trump.
  • If passed by the Senate, the bill will face House scrutiny, and its passage signals growing crypto influence but leaves Trump's family's crypto earnings unaddressed.
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Senate passes crypto regulations, sends to House without addressing Trump's investments

The Senate has passed legislation that would regulate a form of cryptocurrency known as stablecoins. It is the first of what the industry hopes will be a wave of bills to bolster its legitimacy and reassure consumers following its heavy…

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CPA Practice Advisor broke the news in on Monday, June 16, 2025.
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