Scott Bessent Slams 48-49 Senate Snub – Will GENIUS Act Failure Cost U.S. Crypto Crown?

Scott Bessent has warned that the Senate’s May 8 failure to advance the GENIUS Act has left U. S. stablecoin regulation fragmented and could push digital‑asset development overseas, as Democrats cited AML and national security concerns in narrowly blocking the bill, threatening dollar dominance. The post Scott Bessent Slams 48-49 Senate Snub – Will GENIUS Act Failure Cost U source: https://cryptonews.com/news/treasury-secretary-scott-bessent-slams-senates-decision-to-block-genius-stablecoin-bill/