🧾 Stablecoin Legislation Faces Roadblocks

On May 8, 2025, Senate Democrats blocked a bill intended to establish a federal regulatory framework for stablecoins, halting one of President Donald Trump's major legislative priorities. Despite prior bipartisan support, the bill failed a procedural vote 49-48, as Democrats expressed concerns about insufficient protections in the legislation and Trump's potential to profit from crypto ventures.

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