Crypto news today: Stablecoin bill stalls as democrats raise concerns about Trump’s personal crypto interests.
Senate Democrats, led by Sen. Gallego, signaled opposition to advancing the current stablecoin (GENIUS Act) bill.
Concerns stem from President Trump’s increasing personal financial ties to crypto ventures (memecoin, family-linked stablecoin).
The legislative stall threatens not only the stablecoin bill but also progress on broader crypto market structure rules.