Progress on stablecoin legislation is challenging, with a continuous struggle between regulation and innovation
Stablecoin legislation in the U.S. Senate faces obstacles, as Democratic lawmakers publicly question the potential corruption of the 'TRUMP coin' activities, drawing market attention. The CEO of Coinbase stated that the bill still needs amendments and is expected to be re-voted next week. Meanwhile, Meta is once again exploring stablecoin integration solutions, aiming to reduce costs and increase efficiency in the payment sector. The European Union is also strengthening regulation, planning to comprehensively track cryptocurrency transfers based on new anti-money laundering regulations, indicating that under tightening regulation, the global development of stablecoins remains in a critical phase of contention.
