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Legislation to establish a comprehensive federal regulatory structure for U.S. dollar-pegged stablecoins faces an uncertain future after nine Senate Democrats said they now oppose the bill on several grounds, including for lacking clear safeguards against money laundering. The nine Democrats, four of whom backed the Guiding and Establishing National Innovation for U.S. Stablecoins Act, or GENIUS Act, in March, described themselves in a statement Saturday as "eager to continue working" with their Republican colleagues but warned that they would not vote in favor of the legislation as written. "The bill as it currently stands still has numerous issues that must...