Senate expected to pass crypto bill without addressing Trump’s investments
June 16, 2025
The Senate is voting on legislation regulating a form of cryptocurrency called stablecoins. The bill is the first in what’s expected to be a wave of crypto-friendly legislation in Congress following the industry’s heavy spending in last year’s election. The bill has advanced with bipartisan support so far, but some Democrats have raised concerns that the measure does little to address former President Donald Trump’s personal interests in crypto. Known as the GENIUS Act, the bill would establish guardrails and consumer protections for stablecoins, a type of cryptocurrency typically pegged to the U.S. dollar.
