$SOL The recent confrontation over U.S. stablecoin legislation – exemplified by the sudden withdrawal of nine Democratic senators, who are supporters of cryptocurrencies, from their support and pressure on Senators Schumer and Warren – highlights how the continued regulatory drift undermines innovation and trust in this space. Practically, uncertainty is likely to lead venture investors and banks to exercise caution: for example, the CEO of Bank of America recently indicated that it would not 'turn to' stablecoins until clear regulatory guidelines are established. Sector analysts warn that without strict rules, consumers will feel 'unprotected and vulnerable', and indeed, 'regulatory uncertainty has hindered the adoption of stablecoins thus far.' In contrast, observers point out that clear rules would 'reduce uncertainty, protect consumers, and pave the way for widespread adoption of stablecoins' – benefits that are now at risk due to the current standstill. Globally, this troubled American situation threatens capital flight to more welcoming markets: Standard & Poor's Global indicates that jurisdictions like the European Union, Hong Kong, and Singapore are already moving forward with comprehensive frameworks, while the United States continues its 'deliberations'.