#USStablecoinBill
The U.S. Senate is facing an unexpected breakdown in negotiations over a historic cryptocurrency bill, which has placed one of former President Donald Trump's financial policy priorities at stake.
This legislation, aimed at establishing the country's first federal regulatory framework for stablecoins — digital assets pegged to the U.S. dollar — has faced a bipartisan hurdle following pushback from key players.
On Saturday, nine Democratic senators, including some who had previously supported the bill in committee, issued a joint statement rejecting the revised version of the legislation introduced by Republicans.
