#USStablecoinBill The Senate is entering a sudden cryptocurrency policy scramble, with one of President Donald Trump’s legislative priorities on the line.
Bipartisan talks over a landmark crypto bill have hit an unexpected roadblock, after nine key Senate Democrats on Saturday said they wouldn’t support revisions that GOP lawmakers unveiled last week. The bill would create the first-ever federal regulatory framework for so-called stablecoins that are pegged to the value of the dollar. Setting up crypto-friendly regulations for stablecoins and other digital tokens is a priority of Trump’s financial policy agenda.
