Your Resource for Government on Crypto
05.21.2025
Senate Democrats Push for GENIUS Act Changes
Some Senate Democrats are continuing to call for changes to the GENIUS Act. Sen. Chris Murphy (D-CT) said in an interview that the bill should close a loophole allowing the president to issue a stablecoin, noting that members of Congress would be prohibited from doing so. Separately, Sen. Dick Durbin (D-IL) offered an amendment to crack down on crypto ATMs and require crypto ATM operators to warn consumers about scams, provide live customer support, and develop comprehensive anti-fraud policies.