{"id":26029,"date":"2025-05-09T15:51:36","date_gmt":"2025-05-09T15:51:36","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=26029"},"modified":"2025-05-09T15:51:36","modified_gmt":"2025-05-09T15:51:36","slug":"treasury-secretary-criticizes-senate-for-failing-to-advance-stablecoin-bill","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=26029","title":{"rendered":"Treasury Secretary Criticizes Senate For Failing To Advance Stablecoin Bill"},"content":{"rendered":"<div>\n<p>Treasury Secretary <strong>Scott Bessent<\/strong> on Friday publicly criticized the U.S. Senate\u2019s failure to advance the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, expressing concern over the missed opportunity to establish a federal <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/25\/05\/45187736\/elizabeth-warren-slams-shady-deal-involving-trump-family-backed-usd1-as-democrats-withdraw-support-for-senarte-crypto-bill\">regulatory framework for stablecoins<\/a>.<a href=\"https:\/\/www.pymnts.com\/cryptocurrency\/2025\/what-you-should-know-about-genius-stablecoin-act-senate-vote\/?utm_source=chatgpt.com\" target=\"_blank\" rel=\"noreferrer noopener\"><\/a><\/p>\n<p><strong>What Happened: <\/strong>\u201cFor stablecoins and other digital assets to thrive globally, the world needs American leadership,\u201d Bessent <a href=\"https:\/\/x.com\/SecScottBessent\/status\/1920551341531017606\">stated<\/a>.<\/p>\n<p>He emphasized that the Senate\u2019s inaction could result in stablecoins being governed by a fragmented set of state regulations, rather than a cohesive federal framework conducive to growth and competitiveness.<\/p>\n<p>The GENIUS Act, introduced by Senator<strong> Bill Hagerty<\/strong> (R-TN), aims to provide a comprehensive regulatory structure for payment stablecoins, digital assets pegged to traditional &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/25\/05\/45322570\/treasury-secretary-criticizes-senate-for-failing-to-advance-stablecoin-bill\" alt=\"Treasury\" secretary criticizes senate for failing to advance stablecoin bill>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Treasury Secretary Scott Bessent on Friday publicly criticized the U.S. Senate\u2019s failure to advance the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, expressing concern over the missed opportunity to establish a federal regulatory framework for stablecoins. What Happened: \u201cFor stablecoins and other digital assets to thrive globally, the world needs American leadership,\u201d [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-26029","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/26029","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=26029"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/26029\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26029"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=26029"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=26029"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}