🚨NEW from me: Democrat Opposition to Stablecoin Bill Could | EleanorTerrett on Binance Square

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🚨NEW from me: Democrat Opposition to Stablecoin Bill Could Stall Momentum on Market Structure
Industry proponents worry the hold up might hurt other key crypto legislation.
PLUS, there’s renewed hope for Bitcoin legislation in Arizona. ⬇️
https://open.substack.com/pub/cryptoinamerica/p/democrat-opposition-to-stablecoin?r=5e5n42&utm_medium=ios

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🚨SCOOP: @PatrickMcHenry reveals that former SEC chief Gary Gensler was not as anti-crypto in private as he was in public. “I think it had more to do with Senate politics, and confirmation politics.” Full episode with the former Chair of @FinancialCmte

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Heading to Toronto for @consensus2025 today! ✨ Excited to moderate panels with some legends — Wednesday: @dan_pantera and @DTAPCAP Thursday: @Matt_Hougan, @fundstrat, @hashoveride, @farokh and @btschiller See you there!

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🚨SCOOP: Treasury to Host Crypto Policy Roundtable Series This Week https://www.cryptoinamerica.com/p/treasury-to-host-crypto-policy-roundtable?utm_medium=web&triedRedirect=true

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🚨NEW: Just spoke with @BankingGOP Chair @SenatorTimScott, who said political repercussions for Democrats who voted against moving forward with the GENIUS Act on Thursday will be “painful.” He added that he hopes the inevitable backlash from the #crypto industry encourages them to realign and help get the bill passed. Scott voiced frustration with the bill’s Democratic co-sponsors, Sens. Gillibrand and Alsobrooks, who ultimately voted no despite Republicans making “major concessions”—including revisions to anti-money laundering rules, a shortened timeline for stablecoin issuers to become U.S.-based, and enhanced national security safeguards. “If you can get so much of what you want, and you still can’t say yes, I don’t get it,” he said. Going forward into next week and beyond, Scott remains hopeful that Democrat lawmakers and the two Republican holdouts (Hawley and Paul) will recognize the broader implications of how a lack of access to stablecoins undermines financial inclusion and innovation. “I'm hoping that once they take a look at what they've done, they'll come to the decision that it’s worth coming back to the drawing board and getting it done.”

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ICYMI: The Friday edition of the @CryptoAmerica_ newsletter. Senate Republicans plan to take the weekend to cool off before restarting negotiations on the GENIUS Act. PLUS, @SECGov announces @Ripple settlement & more. https://www.cryptoinamerica.com/p/stablecoin-showdown-senate-vote-fails

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