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Pro-crypto Democrats have withdrawn support for the GENIUS Act, casting doubt on U.S. stablecoin regulation. The bill’s future is uncertain amid concerns over AML safeguards and national security risks. Meanwhile, Bitcoin trades under pressure at $94.5K.
- Nine Democrats, including Mark Warner and Ruben Gallego, oppose the GENIUS Act due to unresolved AML and national security concerns.
- The bill’s delay could push U.S. stablecoin regulation into 2026, creating prolonged uncertainty for the crypto market.
- Bitcoin trades at $94,594.49, down 1.14% amid regulatory instability and stalled legislative progress.
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