According to NBC, the U.S. Senate rejected the stablecoin regulatory framework bill, GENIUS Act, with a vote of 48:49, due to collective opposition from the Democrats, who claimed that the Trump family's involvement in cryptocurrency poses a corruption risk. Although the Republicans hold a majority, they did not reach the 60-vote procedural threshold. The bill originally aimed to establish the first U.S. stablecoin regulatory system. Provisions such as banning government officials from holding crypto assets, demanded by the Democrats, were not included in the bill. Senate Republicans stated they would push for another vote in the coming days.