Trump crypto deals loom over Senate stablecoin vote

May 7, 2025 - 22:00
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Trump crypto deals loom over Senate stablecoin vote
President Trump’s recent cryptocurrency dealings are casting a shadow over efforts to pass legislation for the industry at a key moment, as the Senate gears up to vote on a stablecoin bill Thursday.  Senate leadership is preparing to hold a vote on the GENIUS Act, which would create a regulatory framework for payment stablecoins. However,…