🔺The Democrats in the Senate, led by Senator Gallego, are blocking the stablecoin law. Why? Because they are fed up with Trump being deeply involved in the crypto world and profiting from all of this.

In other words, Trump says he isn't making anything, but then he announces dinners for those who hold his memecoin, and we see that his family is involved in shady deals with a company from Abu Dhabi. The Democrats say that smells like corruption and that they will not approve a law that benefits Trump.

Not only that, they are concerned about money laundering, national security, and whether the law is strict enough. So, they are putting the brakes on until those issues are resolved.

The problem is that if this stablecoin law is delayed, the market structure law is also delayed, which is much more important for the crypto world. And that, well, doesn't benefit anyone.

The cryptocurrency lobbyists are furious, demanding that the law be passed now. But the Democrats are standing firm, and rightly so. They do not want Trump to get his way and take advantage of the situation.

This is a big political fight, where Trump and his relationship with cryptocurrencies are complicating the entire legislative landscape. 🥲

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