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Senators Challenge New Crypto Law Over Security Concerns
Senators Challenge New Crypto Law Over Security Concerns
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U.S. senators are pushing back against the current draft of the GENIUS Act, citing inadequate measures to combat money laundering and safeguard national security. The legislation’s ambiguity around foreign regulations and insufficient penalties could destabilize financial systems if passed in its current form.
Stablecoin regulation remains a contentious point, with lawmakers divided on enforcement mechanisms. The debate reflects broader tensions between innovation and oversight in crypto policy—a balancing act that will shape the sector’s regulatory trajectory.
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