Senate Passes Stablecoin Bill In Milestone For Crypto Industry
In a landmark decision for the digital asset sector, the U.S. Senate approved a bill before the holiday to establish a regulatory framework for cryptocurrency tokens known as stablecoins that are tethered to the US dollar.
With several Democrats joining the majority of Republicans in supporting the proposed government regulations, the bill, known as the GENIUS Act, passed with bipartisan support by a vote of 68-30, Reuters
The bill must first pass the Republican-controlled House of Representatives before it can be given to President Donald Trump for approval.
“It is a major milestone. It establishes, for the first time, a regulatory regime for stablecoins, a rapidly developing financial product and industry,” said Andrew Olmem, a managing partner at law firm Mayer Brown and the former deputy director of the National Economic Council during Trump’s first term.
Crypto traders frequently utilize stablecoins, a kind of cryptocurrency created to maintain a steady value, typically a 1:1 dollar peg, to transfer money between tokens. Stablecoins, according to their proponents, can facilitate immediate payments and have seen a significant increase in use in recent years.
The stablecoin bill, if it becomes law, would mandate that tokens be backed by liquid assets, such as short-term Treasury bills and US dollars, and that issuers reveal to the public the makeup of their reserves every month.
The cryptocurrency sector has long advocated for lawmakers to enact laws establishing regulations for digital assets, claiming that a well-defined framework may facilitate the wider use of stablecoins. The industry attempted to portray the issue as bipartisan and invested over $119 million in supporting pro-crypto congressional candidates in the previous year’s elections.
The House passed a stablecoin measure last year, but the Senate, then controlled by Democrats, did not take it up, and it died.
After seeking cryptocurrency revenue throughout his presidential campaign, Trump has attempted to significantly alter U.S. cryptocurrency regulations.
The White House wants a stablecoin measure passed by August, according to Bo Hines, the head of Trump’s Council of Advisers on Digital Assets.
Other Democrats said that measure needed stricter anti-money laundering safeguards and restrictions on foreign stablecoin issuers, expressing worry that the plan would not stop large tech companies from issuing their own private stablecoins.“A bill that turbocharges the stablecoin market, while facilitating the president’s corruption and undermining national security, financial stability, and consumer protection is worse than no bill at all,” said Senator Elizabeth Warren, a Democrat, in remarks on the Senate floor in May.
The Senate has been very busy this month.
The Republican-controlled U.S. Senate approved three ambassadors appointed by President Donald Trump, stationing them in the United Kingdom, Turkey, and Italy, respectively.
All three new ambassadors, Warren Stephens, Tom Barrack, and Tilman Feritta, are billionaires who generously support Trump and other Republicans. They all garnered a few Democratic votes, as did all Republicans.
The Senate also approved Stephens as the new ambassador to the United Kingdom and Northern Ireland by a vote of 59-39.
The Senate confirmed Barrack, a private equity executive and longtime Trump ally, in 60-36 vote on Tuesday.
“For three decades, Tom successfully managed a global private equity firm,” Trump said of Barrack on Truth Social in December. “He is a well-respected and experienced voice of reason to a wide range of thought leaders in both political and business circles.”
Barrack has known Trump since the 1980s. He worked in the Reagan administration before establishing the private equity company Colony Capital. He advised Trump’s campaign in 2016 and led his 2017 inauguration committee.
On Tuesday, the Senate voted 83-14 to approve Fertitta as the United States ambassador to Italy.
Fertitta, who Trump appointed to the position in December last year, is the CEO of Landry’s, a hospitality corporation that operates restaurants, hotels, casinos, and other entertainment facilities. He also owns the NBA team Houston Rockets.
1 OMG: A Quiet Pause by Trump in Washington That Spoke Loudly
THE 7-SECOND SILENCE THAT BROKE THE INTERNET: TRUMP’S UNTHINKABLE MOVE IN WASHINGTON LEAVES EVERYONE SPEECHLESS
WASHINGTON, D.C. — In a city that never stops talking, the most deafening sound just echoed across the nation: absolute, pin-drop silence. President Donald Trump, a man famous for his explosive rhetoric and unpredictable speeches, just pulled off what analysts are calling the ultimate "media hijacking." During a highly anticipated public appearance in the heart of the capital, Trump suddenly stopped dead in his tracks, plunging the entire venue into a chilling, suspense-filled void.
It was a quiet pause that spoke volumes—a masterclass in nonverbal dominance that has left the political establishment scrambling and the internet absolutely losing its mind. What was supposed to be a routine address has instantly morphed into the biggest unsolved mystery of the year.
The Moment Time Stood Still in the Capital
The stage was set, the microphones were hot, and the crowd was buzzing with the electric energy that always accompanies a Trump appearance. Everyone—from his most die-hard supporters to his fiercest critics—was braced for a verbal hurricane.
But then, the unthinkable happened. Trump stepped up to the podium, looked out over the sea of flashing cameras, and simply... stopped. He didn't clear his throat. He didn't shuffle his notes. He just stood there, completely motionless, his expression unreadable, letting a heavy, agonizing silence wash over the room. For what felt like an eternity, the fast-paced world of American politics was entirely frozen. You could almost feel the collective heart rate of Washington spike as everyone desperately waited for the punchline that didn't immediately come.
Media Meltdown: A Psychological Masterstroke?
The fallout was instantaneous. Within minutes, social media platforms were on fire, and major news networks were forced to pivot their entire broadcast schedules just to analyze a few seconds of nothingness.
The "Secret Signal" Theory: Communication experts and body language profilers immediately flooded the airwaves, suggesting this was a highly calculated move. Was he signaling a monumental shift in his political strategy? Was this a silent warning to his political rivals that the rules of the game have fundamentally changed?
The Emotional Anchor: Supporters praised the pause as a rare, raw glimpse into the heavy burden of leadership. To them, it was a profound moment of mourning for a divided nation—a silent prayer before heading back into the political battlefield.
The Ultimate Power Play: Critics and strategists alike were forced to admit one undeniable fact: it was a display of absolute control. By refusing to speak, Trump commanded 100% of the world's attention. He proved he doesn't need to shout to dominate the news cycle; he just needs to make everyone hold their breath.
The Phantom Grip on Washington
This jaw-dropping moment serves as a terrifying reality check for the current political landscape. Even without holding official office, Donald Trump remains the undisputed gravitational center of American media. His mere presence in D.C. was enough to shake the ground, but his silence proved to be the ultimate flex of power.
In an era where politicians are constantly screaming over one another just to get a five-second soundbite, Trump effortlessly flipped the script. He weaponized silence, turning a simple pause into a rhetorical nuclear bomb that completely wiped out every other news story of the day.
The Calm Before the Ultimate Storm
As the dust refuses to settle, the debate surrounding the "Washington Pause" is only growing more intense. The anticipation is now reaching a boiling point. If a few seconds of silence can cause a national meltdown, what is going to happen when he finally decides to unleash what he's holding back?
One thing is absolutely certain: The entire globe is watching, waiting, and wondering. The silence has ended, but the shockwaves are just beginning. What is Donald Trump's next move?
Just 30 Minutes Ago, Barron Trump.. breaks down in tears while making a heartbreaking announcement
Barron Trump FINALLY Admits What We All Suspected…
Born into unimaginable wealth yet shielded from its most corrosive effects, Barron Trump’s upbringing was carefully engineered by Melania Trump to emphasize humility over entitlement. Far from the caricature many expected of a former president’s son, he moved through elite schools—Columbia Grammar, St. Andrew’s Episcopal, and Oxbridge Academy—not as a tabloid spectacle but as a reserved, observant student learning to navigate a world already judging him. His 2024 graduation quietly marked the end of a childhood lived in the crosshairs of politics and media.
Behind the scenes, his strongest anchor has remained his mother. Melania’s insistence on privacy, manners, and multilingual education—French, Slovenian, and English—gave Barron a cultural depth unusual for someone born into such a polarized dynasty. Compassionate and intelligent by those who know him, he now stands at a crossroads: burdened by a last name that divides a nation, yet equipped with the inner calm and values to define himself on his own terms.
Born into unimaginable wealth yet shielded from its most corrosive effects, Barron Trump’s upbringing was carefully engineered by Melania Trump to emphasize humility over entitlement. Far from the caricature many expected of a former president’s son, he moved through elite schools—Columbia Grammar, St. Andrew’s Episcopal, and Oxbridge Academy—not as a tabloid spectacle but as a reserved, observant student learning to navigate a world already judging him. His 2024 graduation quietly marked the end of a childhood lived in the crosshairs of politics and media.
Behind the scenes, his strongest anchor has remained his mother. Melania’s insistence on privacy, manners, and multilingual education—French, Slovenian, and English—gave Barron a cultural depth unusual for someone born into such a polarized dynasty. Compassionate and intelligent by those who know him, he now stands at a crossroads: burdened by a last name that divides a nation, yet equipped with the inner calm and values to define himself on his own terms.
Assailant convicted after Barron Trump calls London police to report crime he saw on video
Barron Trump attends President Trump’s inauguration parade in January 2025.
(Evan Vucci / Associated Press)
LONDON — The crime was in London, the suspect was Russian and the witness who saw the beating on a video call was in the United States and happened to be the youngest son of President Trump.
Barron Trump called police in the British capital and his intervention more than a year ago led Wednesday to the assault conviction of Matvei Rumiantsev, who admitted he was jealous of his girlfriend’s friendship with Trump.
Trump said he placed a late night FaceTime call to the victim, a woman he met on social media, and was startled when it was answered by a bare-chested man.
“This view lasted maybe one second and I was racing with adrenaline,” Trump told police. “The camera was then flipped to the victim getting hit while crying, stating something in Russian.”
The call was hung up after a few seconds and Trump then phoned London police in a recording in which Trump desperately pleaded for help as the dispatcher insisted he answer basic questions about the victim.
“How do you know her?” the operator asked after a back-and-forth dialog.
“I don’t think these details matter, she’s getting beat up,” Trump said.
“Can you stop being rude and actually answer my questions?” the dispatcher said. “If you want to help the person, you’ll answer my questions clearly and precisely, thank you. So how do you know her?”
Police went to the address on Jan. 18 and arrested Rumiantsev, 22, a receptionist who lived in London.
He was acquitted in Snaresbrook Crown Court of rape and choking the woman on the night Trump called police, and an additional rape and assault alleged in November 2024.
Rumiantsev testified that he was jealous of Trump but that he also felt bad for him because he thought that his girlfriend was leading him on.
Defense lawyer Sasha Wass said that Trump didn’t know the woman had a boyfriend and questioned how much he could have seen in five or seven seconds of video.
Wass said that the woman exploited her ties to Trump to make her boyfriend envious in a “relationship full of dramas.”
Trump, 19, the only child of Donald and Melania Trump, didn’t testify in the case.
Justice Bennathan advised jurors before they began deliberating to treat Barron Trump’s accounts — on the recording of his call to police and his follow-up email to investigators — with caution because he hadn’t been subjected to cross-examination.
“If he had done so, no doubt, he could have been asked about things such as whether he ever got a good view of what happened, whether he actually saw [the woman] being assaulted, or jumped to this conclusion on the basis of her screams,” Bennathan said. “He might also have been asked whether his perception was biased because he was close friends with [her].”
Rumiantsev was also convicted of perverting the course of justice, because he sent the woman a letter from jail asking her to retract her allegations. He’s scheduled to be sentenced on March 27.
