The Regulatory Picture Is Finally Taking Shape On May 13, 2025, the U.S. Senate passed the long-awaited GENIUS Act — a stablecoin framework bill years in the making. The legislation paves the way for federally regulated stablecoins backed 1:1 by real assets,

House Minority Whip Rep. Katherine Clark joins The Weeknight to break down the devastating consequences of the GOP’s legislation – including potential Medicare cuts of at least $500 billion.

Senate Majority Leader John Thune can afford to lose three Republican senators and still pass the bill, and there are more than that, right now, who have problems with it.