Amid rising concerns about stablecoin regulation in the U.S. Senate, attention has shifted to which senators personally invest in cryptocurrencies and related firms. The Senate recently passed the GENIUS Act, aimed at establishing a framework for stablecoins, with a vote of 66-32. However, skepticism remains due to potential conflicts of interest, leading Senator Michael Bennet to propose the STABLE GENIUS Act, which would restrict congressional members from investing in digital currencies and require them to place such assets in blind trusts. Eleven senators have been identified as having investments in crypto-related entities, including Tim Sheehy and Steve Daines from Montana, Jacky Rosen from Nevada, and several others. Notably, while laws to prevent Congress members from investing in regulated companies often fail, they are still obligated to disclose their investments. Senators are showing increasing interest in crypto as it becomes more mainstream, signaling potential future conflicts as legislation progresses.

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