Stablecoin Bill Faces Setback in U.S. Senate

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The path to stablecoin regulation in the U.S. just hit a major roadblock.

Despite early bipartisan momentum, 9 pro-crypto Democrats—including 4 who previously supported the bill—have now withdrawn their backing.

Why?

Concerns over national security and anti-money laundering (AML) provisions in the bill.

This sudden shift raises big questions:

Will regulatory uncertainty keep holding back stablecoin innovation?

How will this affect user trust and mainstream adoption?

The U.S. crypto space needs clarity—but divisions in Congress may slow progress further.

Should lawmakers revise the bill, or is regulation still too early?