Genius Act fails in the Senate: Crypto Regulation hits a wall
Last week, the American Senate voted for one of the most important crypto of the year: The Year: The Guidance and establishment of national innovation in US Stablecoins (Genius) law. The bill, which aimed to create a national regulation for payment Stablecoins, became short, gets 49 “no” votes and 48 “yes” voteswhich is a lack of the 60 needed to pass.
The Genius was a two -party proposal that originally had support from both parties and support from the crypto industry. However, the support of the Democratic Party began to be crumbled when concern arose President Donald Trump’s personal commitment in the crypto gym.
Trump and his family have a significant proportion in World freedom economic (WLF), who recently launched their own Stablecoin. Opponents of the Genius Act claim that it to transfer the bill in its present form would open the door to the self-shifting of the Trump family, mainly allows a sitting president to sign a bill that directly favors their private crypto initiatives in law.
Critics also aroused national security problems, with foreign investors who can potentially buy large amounts of Trump-affiliated StableCoin through World freedom economic and then gain political influence or access to the president because of their position.
To be fair, there is a certain truth for these problems. The Genius Act would probably have benefited the Trump-affiliated projects. It could also have created some lobbying and loopholes for money laundering. But the bigger picture here is what these failed voice signals about crypto regulation in the future.
Until now, most of Crypto Policy Momentum 2025 has come from executive measures, either through presidential orders or changes in leadership at agencies such as Securities and Exchange Commission (Sec). However, the Genius Act was one of the first major crypto-related bills that underwent a complete senate vote, and it failed.
The accounting proposal does not kill the idea of Stablecoin control In total. It just means that it will probably need revisions before you get another chance. But it also asks questions about how other crypto and blockchain-related bills will move forward. If this is the level of review that every crypto count will attract, the road forward for crypt legislation in Congress can be much uneven than expected.
Meta Eyes StableCoin -Integration for Facebook, Instagram and Whatsapp
After its failed internal stablecoin experiments, meta (Nasdaq: Meta) has again begun to signal interest in Stablecoins. From 2019 to 2022, Meta (then Facebook) spent years trying to launch its own Stablecoin, as the first called Libra but then reclassified to DayBefore you finally turn off the project and sell their assets due to the global regulatory resistance. But now Meta seems to explore Stablecoins again.
According to individuals who are familiar with the matter, Meta is back in discussions with third-party Stablecoin suppliers. The company is reportedly still in the early stages, but this time it does not seem to build the infrastructure itself. Instead, Meta seems to be positioning itself as a platform that supports Stablecoins rather than the creator of Stablecoins themselves.
There are two cases for primary use that are reportedly driven Metas renewed interest rates: First, the ability to provide low -cost cross -border payments directly through its apps; And secondly, enable payments, probably to content creators, with Stablecoins instead of Fiat.
In 2019, when Meta tried to launch a Stablecoin, everything was built within the wave/DIEM project internally, which made it a regulatory magnet. Legislators all over the world were not comfortable with a company that launched its own global currency. When Pushbacken grew, skepticism also did and eventually did the project too controversial to survive.
But now the landscape has changed. By 2025, the regulatory climate around crypto and Stablecoin is much more favorable. Service providers with successful track posts are in place, and most importantly, Meta no longer seems interested in building their own Stablecoin. At this point, it is difficult to imagine that the project fails this time. So the real question will be: what will Stablecoin integration on Meta look like, and will META users actually use them?
Coinbase acquires Deribbit in landmark $ 2.9 billion
Last week, the largest crypto acquisition occurred so far when Coinbase (Nasdaq: Coins) announced It had reached a deal to acquire dangbitThe world’s largest BTC and Ethereum options platform, for $ 2.9 billion. The move makes Coinbase the global leader in cryptoderiva according to open interest and alternative volume.
In a blog post, Greg Tusar, Coinbase’s VP for institutional product, puts out the company’s thinking:
“This acquisition makes Coinbase the global leader in crypto-derivatives according to open interest and alternative volume. Deribbit facilitated over $ 1 trillion in trading volume last year over important markets ex-USA. We believe that crypto alternatives are about the importance of a significant expansion-like the 1990s.”
But in addition to the deal itself, this acquisition signals a much larger trend: M&A in crypto is increasing. According to blockworksThere were 62 crypto M&A offers during the first quarter of 2025, a record high. Wall Street Journal reports That from April, crypto companies have implemented 88 business totaling $ 8.2 billion, which almost triples the total value of business made throughout 2024.
This type of business volume is a strong sign of industry health. It is also a sign that the crypto industry matures, which is one of the reasons why companies want to expand their capacities and reach through strategic acquisitions.
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