Democrats united against the current version of the bill as they've raised concerns over Trump’s ties to the industry.

The failed vote presented a stunning setback for the measure after last-minute opposition from a bloc of crypto-friendly Democrats derailed talks.

The legislation, which sets rules of the road for stablecoins, is the product of months of negotiations and had been expected to sail through the Senate.

Senate Minority Leader Chuck Schumer sidestepped whether he supported new border security funding during a press conference slamming Congressional Republicans’ ...

House Minority Leader Hakeem Jeffries (D-N.Y.), Senate Majority Leader John Thune (R-S.D.) and Senate Minority Leader Chuck Schumer (D-N.Y.) are all underwater as they gear up for battles over ...

A bill dealing with stablecoin trading fell apart as Senate Democrats cited worries about President Donald Trump profiting ...

A week ago, the GENIUS Act looked set to sail through the Senate with bipartisan support for regulating stablecoins. On ...

Senate Republicans are calling out Democrats for suddenly threatening to block legislation they once supported, suggesting ...

Senate Minority Leader Chuck Schumer sidestepped whether he supported ... a joint press conference with Senate Majority Leader John Thune. “We’re going to protect the essential programs ...

Senate Minority Leader Chuck Schumer is seeking to block confirmation ... and if Grassley and Senate Majority Leader John Thune were to forge ahead with the two U.S. attorney picks in New York ...