Senate Democrats' reversal on US stablecoin bill throws future of legislation into doubt
Policy
• May 4, 2025, 11:20AM EDT
Quick Take
The future of the U.S. Senate’s stablecoin bill has been thrown into jeopardy after nine pro-crypto Democrats, including four who supported the bill, said “numerous issues” prevent them from supporting the bill in its current form.
The Democrats said the bill needs stronger provisions on national security and anti-money laundering policy, days before it was expected to hit the floor of the Senate.
Days before the bipartisan GENIUS Act (Guiding and Est...
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