Buy Crypto- Markets
Futures- Spot
- Copy Trade
- Earn
- More
US Senators Oppose New GENIUS Act Version Over Security Concerns – Coincu
By: bitcoin ethereum news|2025/05/04 17:45:01
0
Share
Main event, leadership changes, market impact, financial shifts, or expert insights. Senators oppose due to security and AML concerns. Bill updates could affect crypto market involvement. US Senators, including Ruben Gallego, announced their objection to the updated GENIUS Act version last week. The senators labeled insufficient anti-money laundering provisions as a key issue of concern, posing challenges to the updated GENIUS Act’s progression. Senator Ruben Gallego and nine other US senators publicly opposed the updated GENIUS Act version. This group included Democratic senators Warner, Kim, and Blunt Rochester, who initially backed the bill’s original draft during the March Banking Committee review. Angela Alsobrooks, the bill’s co-sponsor, did not join them in this stance. Despite previous support, Senators were firm on their stance due to perceived deficiencies in the updated draft regarding anti-money laundering and national security . These issues, they argue, could hinder the safe and regulated roll-out of the digital asset market across the nation. Senators Voice Concerns on Anti-Money Laundering Measures Several senators emphasized the importance of a robust regulatory framework for cryptocurrency, highlighting gaps that could potentially affect national security and the safety of the financial system. Experts suggest implications might be profound, with potential slowdowns in institutional participation within the US crypto sector. We cannot support the current version of the GENIUS Act due to its insufficient anti-money laundering provisions and concerns regarding national security and the safety of our financial system. “We cannot support the current version of the GENIUS Act due to its insufficient anti-money laundering provisions and concerns regarding national security and the safety of our financial system.” — Senator Ruben Gallego Impact of Regulatory Uncertainty on Crypto Markets Did you know? In past scenarios, regulatory scrutiny like that around the GENIUS Act has historically caused temporary price dips in high-cap cryptocurrencies but often rebounded once clarity returned. Ethereum (ETH) currently trades at $1,830.29 with a market cap of $220.98 billion, as per CoinMarketCap. Its 24-hour volume shows a 21.49% decrease, holding a 7.44% market share. Over the past 90 days, ETH witnessed a 29.03% dip, emphasizing recent volatility. Ethereum(ETH), daily chart, screenshot on CoinMarketCap at 09:18 UTC on May 4, 2025. Source: CoinMarketCap Coincu’s research indicates that continued regulatory uncertainty could deepen market liquidity concerns. Potential financial and technological hurdles may arise, but with clear guidelines, US-focused crypto activities could stabilize and regain prior investment levels. Source: https://coincu.com/335607-senators-oppose-genius-act-update/
You may also like
Electric Capital: Tracking 501 types of yield-generating RWA assets, we discovered these patterns
From private credit to GPU leasing, from catastrophe bonds to music royalties, the range of tokenizable assets is much richer than the market perceives. However, the biggest challenge is not technology, but distribution—existing RWAs heavily rely on a few large deployers, and the concentration of ri...
Those who are cut off by AI will not disappear; they will become the creators of the next round of the economy
AI is not eliminating people, but rather the superstition of "stable careers": those who break the shackles of organizations and understand how to rewrite themselves are ushering in the ultimate revenge.
Stablecoins reshaping cross-border payments in Asia? Strategic panorama and investment opportunity analysis
With the popularity of local payment channels, the costs of traditional transfers have been significantly reduced, and the fees are now mainly concentrated in the domestic settlement phase, which is precisely what stablecoins cannot bypass.
Zuckerberg is building an AI agent to help him as CEO
Zuckerberg is reported to be personally developing a "CEO proxy" to accelerate information acquisition and reduce management layers.
Bloomberg: Swiss Private Bank Old Guard Rifts, Is Bitcoin the Spark?
For Marc Syz, this is both a bet on the digital asset track and a complete break from Switzerland's long-established private banking dynasty.
Zuckerberg is building an AI assistant to help him be CEO
Mark Zuckerberg has been reportedly personally developing a "CEO Proxy" to speed up information flow and reduce management layers.
Join WEEX AI Wars II: How WEEX API, Trader Skills Empower AI Trading Innovations
Join WEEX AI Wars II and be part of a global AI trading revolution. Compete with top AI agents and bots, showcase your strategies, and leverage WEEX API and Trader Skill to innovate, automate, and gain exposure in the AI trading ecosystem. Onboard your AI agent to WEEX AI Wars II NOW.
What kind of scenario will Backpack's TGE today play out in the bear market opening?
Currently, the Polymarket market gives an 87% probability to the event of its fully diluted valuation surpassing $200 million on the day after its launch.
Polymarket Ten Million Dollar Winner Retrospective: 40 Addresses, 100,000 Transactions, Only Three Ways to Make Money
The difference between the three is not in the parameters, but in playing entirely different games.
The Most Brutal Single-Month Plunge in 43 Years, Gold's Every Top Looks Like This
In the first three peaks, the central bank was not a net buyer of gold
Jiang Xueqin's Latest Interview Transcript: How to View the Current Global Changes
Iran's Next Move, Trump's War Plan, and Israel's Plot to Sabotage It
Maximize Your USDT Yield: The Weex Auto Earn Strategy for Passive Crypto Income
Learn how to earn interest on USDT with WEEX Auto Earn. Discover how stablecoins can generate passive income and why some platforms now offer up to 300% APR.
1 million investment yields over 1 billion return, Airwallex co-founder Liu Yueting reviews key life investments
At 25, all in with millions of dollars, at 34 worth 3 billion, Lucy Liu, co-founder of Airwallex, shares her ten-year wealth creation logic: betting on the right track, building a deep moat with licenses, and fully embracing AI intelligent finance by 2026.
Polymarket Millionaire Review: 40 addresses, 100,000 transactions, only three ways to make money
The differences between the three categories are not due to different parameters, but rather because they are playing completely different games.
Four Key Truths and Cost Traps Behind Polymarket LP Market Making Incentives
The potion left in the witch's hand is still poison; let's wait for Polymarket's major announcement tomorrow.
San Francisco Stablecoin Weekly Insights: The XYZ Coordinate System of 2026
Stablecoins 2026 New Narrative: No longer just "issuing coins," but reconstructing global financial infrastructure along three dimensions: AI payment authorization, RWA on-chain credit, and cross-border on-chain FX.
Asia's Next Great Dog Coin Debuts at the Weex AI Trading Hackathon
A BNB Chain meme token inspired by the Shih Tzu dog, blending community culture, creativity, and long‑term loyalty in Web3.
Fluxor: Connecting Global Builders With the WEEX AI Trading Hackathon
A hackathon platform connecting builders and creators to collaborative opportunities and innovation in Web3, enabling AI-oriented developers to experiment and create at scale.
The growth of AI-driven tools and community collaboration in Web3 has created new opportunities for developers worldwide. As a community partner and sponsor of the WEEX AI Trading Hackathon, Fluxor's mission to unify hackathon experiences and foster creative partnerships aligns with this spirit of collective innovation.
Electric Capital: Tracking 501 types of yield-generating RWA assets, we discovered these patterns
From private credit to GPU leasing, from catastrophe bonds to music royalties, the range of tokenizable assets is much richer than the market perceives. However, the biggest challenge is not technology, but distribution—existing RWAs heavily rely on a few large deployers, and the concentration of ri...
Those who are cut off by AI will not disappear; they will become the creators of the next round of the economy
AI is not eliminating people, but rather the superstition of "stable careers": those who break the shackles of organizations and understand how to rewrite themselves are ushering in the ultimate revenge.
Stablecoins reshaping cross-border payments in Asia? Strategic panorama and investment opportunity analysis
With the popularity of local payment channels, the costs of traditional transfers have been significantly reduced, and the fees are now mainly concentrated in the domestic settlement phase, which is precisely what stablecoins cannot bypass.
Zuckerberg is building an AI agent to help him as CEO
Zuckerberg is reported to be personally developing a "CEO proxy" to accelerate information acquisition and reduce management layers.
Bloomberg: Swiss Private Bank Old Guard Rifts, Is Bitcoin the Spark?
For Marc Syz, this is both a bet on the digital asset track and a complete break from Switzerland's long-established private banking dynasty.
Zuckerberg is building an AI assistant to help him be CEO
Mark Zuckerberg has been reportedly personally developing a "CEO Proxy" to speed up information flow and reduce management layers.
App