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US Stablecoin bill blocked as Democrats withdraw support


The Guiding and Establishing National Innovation for US Stablecoins of 2025 Act, known as the GENIUS Act, failed to pass cloture in the United States Senate on May 8, dealing a slight blow to cryptocurrency regulation in the country.The bill, sponsored by Senator Bill Hagerty and co-sponsored...

Trump tricked into pushing XRP for crypto reserve: Report


US President Donald Trump was reportedly manipulated by a lobbyist tied to Ripple Labs into announcing the XRP token would be part of his plans for a national cryptocurrency reserve.According to a May 8 Politico report, an employee of pro-Trump lobbyist Brian Ballard gave the president the text...

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