Golden Finance reported that U.S. Senate Democrats blocked stablecoin legislation supported by the digital asset industry, and Trump's extensive and growing cryptocurrency portfolio caused an uproar. Supporters of the bill failed to reach the required 60 votes in a vote of 49:48 on Thursday. The two sides may still reach an agreement in the coming weeks, and many Democrats say stablecoin regulation is essential to protecting consumers and providing rules for this emerging industry. Trump has recently vigorously promoted the TRUMP coin named after him. After the organizer of the token launched a marketing campaign that "the largest holders can have dinner with the president", the token sales surged. Democratic Senator Warren and other lawmakers said that such measures are obviously corrupt.