World Liberty Financial (WLFI) has disputed the accusations made by Democratic Senator Blumenthal in his investigation into the company’s USD1 stablecoin and its ties to President Trump’s crypto ventures. The attorneys termed the investigation as “fundamentally flawed,” because it is based on incorrect information. Blumenthal, a top member on the Senate Permanent Subcommittee on Investigations, […]
U.S Senate
Senate Halts Landmark Stablecoin Regulation Bill as Tensions Over Trump Crypto Ties Escalate
The U.S. Senate rejected the move to advance the GENIUS Act, a bill that would regulate the stablecoin market. The bill, which intended to establish a framework for the $246 billion industry, failed to acquire the 60-vote threshold to move forward after senators voted 48-49. This is a major blow to crypto regulation efforts amid […]