Senator Gillibrand’s Role in Stablecoin Regulation – $217,000 in Crypto Donations

Democratic Senator Kirsten Gillibrand has played a significant role in the GENIUS Act, a bipartisan bill that, if passed, will regulate the use of stablecoins in the United States. But, as a lead co-sponsor of the bill, Gillibrand’s involvement in its passage comes with its share of controversy. In an investigation into campaign financing during the 2024 federal election cycle, BeInCrypto found that the combined donations from individuals associated with prominent crypto firms—including Coinbase, Ripple, Uniswap Labs, Andreessen Horowitz, and dYdX Trading—exceeded $200,000 for the New York Senator’s campaign. The GENIUS Act: A Step Closer to Federal Stablecoin Regulation On Monday night, the Senate advanced the GENIUS Act concerning stablecoins by approving a procedural vote source: https://beincrypto.com/senator-gillibrand-us-stablecoin-regulation-crypto-donations/