"It Was a Vote Against Trump": Tim Scott Blames Democrats for Stablecoin GENIUS Act Failure

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Story Highlights* Tim Scott blames Democrats for blocking the GENIUS Act, accusing them of political games.

  • Treasury Secretary Scott Bessent warns the Senate’s failure on stablecoin regulation weakens U.S. leadership in the global crypto race.
  • Industry leaders, including Mike Novogratz, criticize the Senate’s inaction, fearing the U.S. risks falling behind in stablecoin innovation.
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