Washington is once again hindering innovation — now it's stablecoins' turn.
Despite a rare political consensus in the U.S., 9 Democrats have sharply changed their position and withdrawn support for the Senate bill on stablecoins. Four of them had previously approved it.
The official reason is “national security” and “combating money laundering.” But in reality, we see classic American politics: as soon as progress becomes real — everything rolls back.
What does this mean for the industry?
— Regulatory uncertainty in the U.S. persists, and this stifles not only innovation but also the global expansion of American crypto companies.
— User trust is under threat. If even the most “secure” tokens lack legal status — what can be expected?
— The development of stablecoins may shift to more regulated jurisdictions, such as the EU, where rules have already been established.
While legislators play politics, the market will not wait. Companies' and users' strategies will need to adapt — and the sooner, the better.
