and the bureau has moved to

A significant number of Democrats, 16, joined Republicans in advancing the crypto legislation. The GENIUS Act would create a new regulatory structure for stablecoins, a type of cryptocurrency typically pegged to the U.S. dollar. It is viewed as a step toward consumer protections and greater legitimacy for the industry.The sticking point for many Democrats is that while the bill prohibits members of Congress and their families from profiting off stablecoins, it excludes

from those restrictions.Trump, once a skeptic of the industry, has vowed in his second term to make the U.S.. Meanwhile, he and his family have moved aggressively into nearly every corner of the industry: mining operations, billion-dollar bitcoin purchases, a newly minted stablecoin and a Trump-branded meme coin.

Days after Trump’s interests in the industry became public in early May, Senate Minority Leader Chuck Schumer of New York urged the Democratic caucus to unite and vote against the package to have a stronger hand in negotiations, according to a person familiar with the matter who insisted on anonymity to discuss private discussions.On May 8, a bloc of Senate Democrats who had previously backed the GENIUS Act reversed course — ultimately voting to

from advancing. Negotiations between Senate Democrats and Republicans followed.

The new version of the bill is now expected to pass the 100-member Senate this month. Amendments are still possible. Schumer and Sen. Jeff Merkley, D-Ore. are expected to propose one that would bar the president and his family from profiting off stablecoins, though it’s unlikely to pass.Trump, who sees the military as a critical tool for domestic goals, has used the recent protests in Los Angeles as an

to quell disturbances that began as protests over immigration raids.Trump has authorized the deployment of

to the city over the objections of Democratic California Gov. Gavin Newsom. About 700 Marines were also due to formally deploy to Los Angeles.over the deployment, with the state attorney general arguing that the president had “trampled” the state’s sovereignty. California leaders accused Trump of fanning protesters’ anger, leading crowds to block off a major freeway and set self-driving cars on fire.