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Flash News List

List of Flash News about crypto industry backlash

Time Details
2025-05-09
19:36
GENIUS Act Vote Sparks Political Risks for Democrats, Potential Crypto Market Fallout - Insights from Senator Tim Scott

According to Eleanor Terrett, Senator Tim Scott, Chair of the Senate Banking Committee (@BankingGOP), stated that Democrats who opposed advancing the GENIUS Act could face significant political consequences. He emphasized that the crypto industry’s backlash may intensify pressure on these lawmakers (source: Eleanor Terrett on Twitter, May 9, 2025). For traders, this signals heightened regulatory uncertainty in the US crypto market, potentially increasing short-term volatility for major digital assets and related equities. Monitoring legislative developments around the GENIUS Act is crucial for informed trading decisions in the current environment.

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