Ten U.S. senators, including Gallego, issue joint statement opposing new version of GENIUS Act

TechFlow news, May 4 — FOX Business journalist Eleanor Terrett posted on social media that Senator Ruben Gallego and nine other senators issued a joint statement today stating they cannot support the revised version of the GENIUS Act released last week. The statement pointed out deficiencies in the bill's provisions regarding anti-money laundering, national security, and financial system security. Notably, four Democrats including Gallego had previously supported the original version of the bill during the Banking Committee vote in March.