UNEXPECTED TURN in the U.S.! Nine DEMOCRATIC SENATORS, known for their SUPPORT of cryptos, ANNOUNCE that they will VOTE AGAINST the REPUBLICAN bill on #Stablecoins! They warn that the law has "NUMEROUS ISSUES that need to be ADDRESSED"!
This MOVEMENT THREATENS to PARALYZE the legislation! The one that could establish the FIRST REGULATORY FRAMEWORK for stablecoins in the U.S.! Even senators who SUPPORTED the bill in committee are now DEMANDING CHANGES! They are asking for more guarantees against MONEY LAUNDERING, for NATIONAL SECURITY, regarding FOREIGN ISSUERS, and about the RESPONSIBILITY of offenders.
Despite their OBJECTIONS, the democrats INSIST on their commitment to RESPONSIBLE CRYPTO regulation! They say they are "EAGER to keep WORKING" to solve the issues! Will they reach an AGREEMENT? The FUTURE of the stablecoins bill is up in the AIR!
Do you think this decision will affect the future of stablecoins in the U.S. and how? What do you think of the democrats' stance?