The crypto industry is fixated on the U.S. Senate.

On Thursday, lawmakers failed to advance the GENIUS Act, the most significant federal stablecoin bill to date. But the story isn’t over. 

Behind the process is a drama about potential presidential conflicts, shifting political alliances, and unresolved policy questions.

In this episode, Kristin Smith, CEO of the Blockchain Association and Amanda Tuminelli, executive director and CLO of the DeFi Education Fund, break down:

Why the bill stalled but isn’t dead yet

The role Trump’s crypto ties are playing

Whether Democrats who once backed crypto are turning away

Why advocates are still pushing for a deal this year

Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com

FalconX

Bitkey: Use code UNCHAINED for 20% off

Mantle

Kristin Smith, CEO of the Blockchain Association

Amanda Tuminelli, executive director and CLO of the DeFi Education Fund

Timestamps:

👋 0:00 Intro

📉 2:01 Why the Senate blocked the vote but the bill isn’t dead yet

🔄 5:17 Why some pro-crypto Democrats suddenly flipped

⚖️ 8:08 Key differences between the two competing GENIUS Act proposals

🔄 14:18 Whether lawmakers are starting to shift their crypto stances

🤝 16:05 Can the Senate overcome divisions and get this across the finish line?

🏛️ 18:14 How Trump’s crypto ties are shaping the legislative battle

⏳ 20:46 Is the August deadline already slipping out of reach

📝 22:39 Combining stablecoin and market structure bills 

🎉 25:59 Why Kristin says it’s a relief not to have to deal with Gensler anymore

Learn more about your ad choices. Visit megaphone.fm/adchoices