#USStablecoinBill taken from Binance A group of nine Democratic senators from the United States unexpectedly opposed the Republican bill on stablecoins, jeopardizing its chances of passage. According to Politico, these lawmakers stated that "there are numerous issues remaining in the bill that need to be addressed" and warned that they would not support procedural votes to advance the legislation without changes.
Among the signatories were senators Ruben Gallego, Mark Warner, Lisa Blunt Rochester, and Andy Kim — all of whom had previously supported the GENIUS bill when it passed through the Senate Banking Committee in March. This maneuver of political maneuvering could be considered amusing if it weren't for the unfortunate consequences for the entire industry.
