{"id":36454,"date":"2025-05-08T08:51:52","date_gmt":"2025-05-08T08:51:52","guid":{"rendered":"https:\/\/coincentral.com\/?p=36454"},"modified":"2025-05-08T09:17:00","modified_gmt":"2025-05-08T09:17:00","slug":"genius-act-vote-today-will-trumps-stablecoin-agenda-succeed","status":"publish","type":"post","link":"https:\/\/coincentral.com\/genius-act-vote-today-will-trumps-stablecoin-agenda-succeed\/","title":{"rendered":"GENIUS Act Vote Today: Will Trump\u2019s Stablecoin Agenda Succeed?"},"content":{"rendered":"<h2>TLDR<\/h2>\n<ul>\n<li>The GENIUS Act is scheduled for a final vote in Congress today.<\/li>\n<li>Democrats accuse the bill of supporting Trump\u2019s crypto interests.<\/li>\n<li>The bill aims to regulate stablecoins across national financial systems.<\/li>\n<li>Critics point to Trump\u2019s USD1 stablecoin and foreign financial ties.<\/li>\n<li>A private dinner for $TRUMP token holders has raised ethical questions.<\/li>\n<\/ul>\n<hr \/>\n<p>The<a href=\"https:\/\/coincentral.com\/coinbase-ceo-pushes-genius-act-as-stablecoin-bill-faces-senate-test\/\"> GENIUS Act<\/a> is set for a final floor vote today as tensions rise in Congress over crypto regulations. Lawmakers remain divided, with Democrats criticizing the bill\u2019s perceived link to Trump\u2019s growing involvement in digital finance. The GENIUS Act, which focuses on stablecoin regulation, has ignited controversy over potential conflicts of interest involving the President.<\/p>\n<h2>GENIUS Act Draws Scrutiny From Democrats Over Trump Ties<\/h2>\n<p>The GENIUS Act, short for Guiding and Establishing National Innovation for U.S. Stablecoins, has drawn serious opposition from key Senate Democrats. Senators <a href=\"https:\/\/x.com\/SenWarren\/status\/1920279747684159627\">Elizabeth Warren<\/a> and Jeff Merkley continue to argue that the bill supports Trump\u2019s expanding financial stake in stablecoins. Although the bill advanced with bipartisan support in the Senate Banking Committee, its ties to Trump\u2019s assets raised concerns.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Democrats should stand together and use our power to fix the GENIUS Act before the vote tomorrow. There is no excuse to facilitate Trump&#39;s crypto corruption. <a href=\"https:\/\/t.co\/hZ3dplcZAc\">pic.twitter.com\/hZ3dplcZAc<\/a><\/p>\n<p>&mdash; Elizabeth Warren (@SenWarren) <a href=\"https:\/\/twitter.com\/SenWarren\/status\/1920279747684159627?ref_src=twsrc%5Etfw\">May 8, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Opponents claim that the GENIUS Act could provide regulatory cover for <a href=\"https:\/\/blockonomi.com\/house-financial-services-committee-approves-stable-act\/\">Trump\u2019s USD1 stablecoin<\/a>, which is reportedly backed by foreign capital. Democrats argue that the President\u2019s recent gains from World Liberty Financial\u2019s $2 billion deal signal a conflict of interest. This deal occurred weeks before the stablecoin bill moved forward, intensifying Democratic calls for a delay.<\/p>\n<p>They allege that the GENIUS Act helps formalize a financial structure that favors Trump-linked crypto enterprises. Critics believe the act\u2019s timing and purpose connect too closely with his economic ventures. Democrats insist that these associations compromise legislative integrity and question the bill\u2019s intent.<\/p>\n<h2>Foreign Ties Trigger GENIUS Act Criticism<\/h2>\n<p>Further criticism followed the announcement of an exclusive dinner for top <a href=\"https:\/\/moneycheck.com\/trump-token-dinner-announcement-triggers-80-price-surge-and-200-increase-in-on-chain-activity\/\">TRUMP token <\/a>holders at the White House. This gathering includes several individuals with significant overseas holdings in Trump-related crypto assets. The event fuels concerns that foreign participants may gain disproportionate access to presidential influence.<\/p>\n<p>Commentators suggest that the GENIUS Act could empower politically connected digital assets without sufficient oversight. The dinner, reportedly for the top 220 token stakeholders, highlights growing unease over foreign involvement in U.S. digital finance. Several watchdogs argue that the bill should be reexamined to protect national interests.<\/p>\n<p>Public reactions intensified after reports linked high-value foreign holders to Trump\u2019s crypto circle. Many lawmakers now question how the GENIUS Act will prevent abuse in digital asset management. Though not illegal, these events prompt debates about ethical governance in financial legislation.<\/p>\n<h2>Lawmakers Clash Over Stablecoin Regulation Bill<\/h2>\n<p>As the GENIUS Act approaches the final vote, Democrats call for increased debate and potential amendments to the bill. Republicans, however, aim to pass the legislation swiftly, highlighting the need for a clear regulatory framework. Supporters argue that stablecoin guidelines are long overdue and vital for financial innovation.<\/p>\n<p>Still, the bill remains at the center of political friction due to its association with Trump\u2019s digital ventures. Opponents claim that the bill\u2019s language could benefit platforms tied to Republican leaders. The timing of the legislation and related financial disclosures continues to raise red flags in Congress.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TLDR The GENIUS Act is scheduled for a final vote in Congress today. Democrats accuse the bill of supporting Trump\u2019s crypto interests. The bill aims to regulate stablecoins across national financial systems. Critics point to Trump\u2019s USD1 stablecoin and foreign financial ties. A private dinner for $TRUMP token holders has raised ethical questions. The GENIUS<\/p>\n","protected":false},"author":9008,"featured_media":10665,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"iawp_total_views":290,"footnotes":""},"categories":[28165],"tags":[28560,7619,28559,11397,27921],"class_list":{"0":"post-36454","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-stablecoins","8":"tag-crypto-regulation","9":"tag-donald-trump","10":"tag-genius-act","11":"tag-stablecoin","12":"tag-stablecoins"},"wppr_data":{"cwp_meta_box_check":"No"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>GENIUS Act Vote Today: Will Trump\u2019s Stablecoin Agenda Succeed? - CoinCentral<\/title>\n<meta name=\"description\" content=\"Congress prepares for a final vote on the GENIUS Act amid backlash over Trump&#039;s growing involvement in digital currency.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coincentral.com\/genius-act-vote-today-will-trumps-stablecoin-agenda-succeed\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GENIUS Act Vote Today: Will Trump\u2019s Stablecoin Agenda Succeed? - CoinCentral\" \/>\n<meta property=\"og:description\" content=\"Congress prepares for a final vote on the GENIUS Act amid backlash over Trump&#039;s growing involvement in digital currency.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coincentral.com\/genius-act-vote-today-will-trumps-stablecoin-agenda-succeed\/\" \/>\n<meta property=\"og:site_name\" content=\"CoinCentral\" \/>\n<meta property=\"article:published_time\" content=\"2025-05-08T08:51:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-05-08T09:17:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coincentral.com\/wp-content\/uploads\/2018\/06\/Donald-Trump-Signing-Law.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"852\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Maxwell Mutuma\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@RomainMax4\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Maxwell Mutuma\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coincentral.com\/genius-act-vote-today-will-trumps-stablecoin-agenda-succeed\/\",\"url\":\"https:\/\/coincentral.com\/genius-act-vote-today-will-trumps-stablecoin-agenda-succeed\/\",\"name\":\"GENIUS Act Vote Today: Will Trump\u2019s Stablecoin Agenda Succeed? - CoinCentral\",\"isPartOf\":{\"@id\":\"https:\/\/coincentral.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/coincentral.com\/genius-act-vote-today-will-trumps-stablecoin-agenda-succeed\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/coincentral.com\/genius-act-vote-today-will-trumps-stablecoin-agenda-succeed\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/coincentral.com\/wp-content\/uploads\/2018\/06\/Donald-Trump-Signing-Law.jpg\",\"datePublished\":\"2025-05-08T08:51:52+00:00\",\"dateModified\":\"2025-05-08T09:17:00+00:00\",\"author\":{\"@id\":\"https:\/\/coincentral.com\/#\/schema\/person\/b128f2989bf041080cfa9a263811d82f\"},\"description\":\"Congress prepares for a final vote on the GENIUS Act amid backlash over Trump's growing involvement in digital currency.\",\"breadcrumb\":{\"@id\":\"https:\/\/coincentral.com\/genius-act-vote-today-will-trumps-stablecoin-agenda-succeed\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/coincentral.com\/genius-act-vote-today-will-trumps-stablecoin-agenda-succeed\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coincentral.com\/genius-act-vote-today-will-trumps-stablecoin-agenda-succeed\/#primaryimage\",\"url\":\"https:\/\/coincentral.com\/wp-content\/uploads\/2018\/06\/Donald-Trump-Signing-Law.jpg\",\"contentUrl\":\"https:\/\/coincentral.com\/wp-content\/uploads\/2018\/06\/Donald-Trump-Signing-Law.jpg\",\"width\":1280,\"height\":852,\"caption\":\"President Donald J Trump Signing Laws Image Via Wall Street Journal\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/coincentral.com\/genius-act-vote-today-will-trumps-stablecoin-agenda-succeed\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/coincentral.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"GENIUS Act Vote Today: Will Trump\u2019s Stablecoin Agenda Succeed?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/coincentral.com\/#website\",\"url\":\"https:\/\/coincentral.com\/\",\"name\":\"CoinCentral\",\"description\":\"Your Bitcoin, Ethereum, and other Cryptocurrency HQ\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/coincentral.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/coincentral.com\/#\/schema\/person\/b128f2989bf041080cfa9a263811d82f\",\"name\":\"Maxwell Mutuma\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coincentral.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/coincentral.com\/wp-content\/uploads\/2025\/05\/1000242928-e1730702917480-96x96.jpg\",\"contentUrl\":\"https:\/\/coincentral.com\/wp-content\/uploads\/2025\/05\/1000242928-e1730702917480-96x96.jpg\",\"caption\":\"Maxwell Mutuma\"},\"description\":\"Maxwell is a crypto-economic analyst and blockchain enthusiast, passionate about helping people understand the potential of decentralized technology. His goal is to spread knowledge about this revolutionary technology and its implications for economic freedom and social good.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/maxwell-mutuma-49a630231\/\",\"https:\/\/x.com\/RomainMax4\"],\"url\":\"https:\/\/coincentral.com\/author\/maxwell\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"GENIUS Act Vote Today: Will Trump\u2019s Stablecoin Agenda Succeed? - CoinCentral","description":"Congress prepares for a final vote on the GENIUS Act amid backlash over Trump's growing involvement in digital currency.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/coincentral.com\/genius-act-vote-today-will-trumps-stablecoin-agenda-succeed\/","og_locale":"en_US","og_type":"article","og_title":"GENIUS Act Vote Today: Will Trump\u2019s Stablecoin Agenda Succeed? - CoinCentral","og_description":"Congress prepares for a final vote on the GENIUS Act amid backlash over Trump's growing involvement in digital currency.","og_url":"https:\/\/coincentral.com\/genius-act-vote-today-will-trumps-stablecoin-agenda-succeed\/","og_site_name":"CoinCentral","article_published_time":"2025-05-08T08:51:52+00:00","article_modified_time":"2025-05-08T09:17:00+00:00","og_image":[{"width":1280,"height":852,"url":"https:\/\/coincentral.com\/wp-content\/uploads\/2018\/06\/Donald-Trump-Signing-Law.jpg","type":"image\/jpeg"}],"author":"Maxwell Mutuma","twitter_card":"summary_large_image","twitter_creator":"@RomainMax4","twitter_misc":{"Written by":"Maxwell Mutuma","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/coincentral.com\/genius-act-vote-today-will-trumps-stablecoin-agenda-succeed\/","url":"https:\/\/coincentral.com\/genius-act-vote-today-will-trumps-stablecoin-agenda-succeed\/","name":"GENIUS Act Vote Today: Will Trump\u2019s Stablecoin Agenda Succeed? - CoinCentral","isPartOf":{"@id":"https:\/\/coincentral.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/coincentral.com\/genius-act-vote-today-will-trumps-stablecoin-agenda-succeed\/#primaryimage"},"image":{"@id":"https:\/\/coincentral.com\/genius-act-vote-today-will-trumps-stablecoin-agenda-succeed\/#primaryimage"},"thumbnailUrl":"https:\/\/coincentral.com\/wp-content\/uploads\/2018\/06\/Donald-Trump-Signing-Law.jpg","datePublished":"2025-05-08T08:51:52+00:00","dateModified":"2025-05-08T09:17:00+00:00","author":{"@id":"https:\/\/coincentral.com\/#\/schema\/person\/b128f2989bf041080cfa9a263811d82f"},"description":"Congress prepares for a final vote on the GENIUS Act amid backlash over Trump's growing involvement in digital currency.","breadcrumb":{"@id":"https:\/\/coincentral.com\/genius-act-vote-today-will-trumps-stablecoin-agenda-succeed\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/coincentral.com\/genius-act-vote-today-will-trumps-stablecoin-agenda-succeed\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coincentral.com\/genius-act-vote-today-will-trumps-stablecoin-agenda-succeed\/#primaryimage","url":"https:\/\/coincentral.com\/wp-content\/uploads\/2018\/06\/Donald-Trump-Signing-Law.jpg","contentUrl":"https:\/\/coincentral.com\/wp-content\/uploads\/2018\/06\/Donald-Trump-Signing-Law.jpg","width":1280,"height":852,"caption":"President Donald J Trump Signing Laws Image Via Wall Street Journal"},{"@type":"BreadcrumbList","@id":"https:\/\/coincentral.com\/genius-act-vote-today-will-trumps-stablecoin-agenda-succeed\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/coincentral.com\/"},{"@type":"ListItem","position":2,"name":"GENIUS Act Vote Today: Will Trump\u2019s Stablecoin Agenda Succeed?"}]},{"@type":"WebSite","@id":"https:\/\/coincentral.com\/#website","url":"https:\/\/coincentral.com\/","name":"CoinCentral","description":"Your Bitcoin, Ethereum, and other Cryptocurrency HQ","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/coincentral.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/coincentral.com\/#\/schema\/person\/b128f2989bf041080cfa9a263811d82f","name":"Maxwell Mutuma","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coincentral.com\/#\/schema\/person\/image\/","url":"https:\/\/coincentral.com\/wp-content\/uploads\/2025\/05\/1000242928-e1730702917480-96x96.jpg","contentUrl":"https:\/\/coincentral.com\/wp-content\/uploads\/2025\/05\/1000242928-e1730702917480-96x96.jpg","caption":"Maxwell Mutuma"},"description":"Maxwell is a crypto-economic analyst and blockchain enthusiast, passionate about helping people understand the potential of decentralized technology. His goal is to spread knowledge about this revolutionary technology and its implications for economic freedom and social good.","sameAs":["https:\/\/www.linkedin.com\/in\/maxwell-mutuma-49a630231\/","https:\/\/x.com\/RomainMax4"],"url":"https:\/\/coincentral.com\/author\/maxwell\/"}]}},"_links":{"self":[{"href":"https:\/\/coincentral.com\/wp-json\/wp\/v2\/posts\/36454","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coincentral.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coincentral.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coincentral.com\/wp-json\/wp\/v2\/users\/9008"}],"replies":[{"embeddable":true,"href":"https:\/\/coincentral.com\/wp-json\/wp\/v2\/comments?post=36454"}],"version-history":[{"count":0,"href":"https:\/\/coincentral.com\/wp-json\/wp\/v2\/posts\/36454\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coincentral.com\/wp-json\/wp\/v2\/media\/10665"}],"wp:attachment":[{"href":"https:\/\/coincentral.com\/wp-json\/wp\/v2\/media?parent=36454"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coincentral.com\/wp-json\/wp\/v2\/categories?post=36454"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coincentral.com\/wp-json\/wp\/v2\/tags?post=36454"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}