#USStablecoinBill 🚨 U.S. Stablecoin Bill Faces Political Turmoil Amid Trump-Linked Controversy

The U.S. Senate's push to regulate stablecoins through the GENIUS Act has encountered significant obstacles:

Democratic Opposition: Nine Senate Democrats have withdrawn their support, citing concerns over anti-money laundering provisions and national security risks.

Trump Family Involvement: A $2 billion stablecoin deal involving a firm co-founded by Eric Trump has intensified scrutiny, with Senator Elizabeth Warren calling for a pause on the legislation due to potential conflicts of interest.

Legislative Uncertainty: Despite initial bipartisan support, the bill's future is now uncertain, with Senate Majority Leader John Thune aiming for a vote before Memorial Day.

This development could impact major stablecoins like USDT, USDC, and DAI, as the regulatory landscape remains in flux.

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