#USStablecoinBill The collapse of the U.S. Senate’s stablecoin bill is another heavy blow to a struggling industry. Despite initial bipartisan support, nine pro-crypto Democrats—four of whom originally backed the bill—have withdrawn their endorsements, citing concerns over national security and Anti-Money Laundering (AML) provisions. This sudden shift leaves stablecoin regulation in limbo, adding further uncertainty to an already fragile market.