Benny Mcmickell T0ph
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American government FURIOUS over the halt to the crypto stable law: now it's TOTAL CONFRONTATION
The US government is furious about the first significant halt to crypto laws. Here’s what’s happening.
Gianluca Grossi09/05/25 12:47NewsComment
Yesterday, May 8, there was the first stop for the GENIUS ACT, the set of regulations that should govern the stablecoin sector in the USA. A pause for a procedural vote that came after some Democrats, who were initially in favor of the law, changed their stance during the first draft.
A halt to the procedural vote that slows down the progress of stablecoin regulation and creates a gigantic political case. Indeed, this is the part of regulation that interests the White House the most, as it is considered functional to the expansion of the dollar in the digital realm (and also for placing significant amounts of public debt).
So much so that Trump himself, right after the elections, had urged Congress to proceed with the utmost speed possible. And instead, at the first round of the bill proposal, the halt comes. A halt that will not be decisive but will likely initiate a round of negotiations.
$BTC
The US government is furious about the first significant halt to crypto laws. Here’s what’s happening.
Gianluca Grossi09/05/25 12:47NewsComment
Yesterday, May 8, there was the first stop for the GENIUS ACT, the set of regulations that should govern the stablecoin sector in the USA. A pause for a procedural vote that came after some Democrats, who were initially in favor of the law, changed their stance during the first draft.
A halt to the procedural vote that slows down the progress of stablecoin regulation and creates a gigantic political case. Indeed, this is the part of regulation that interests the White House the most, as it is considered functional to the expansion of the dollar in the digital realm (and also for placing significant amounts of public debt).
So much so that Trump himself, right after the elections, had urged Congress to proceed with the utmost speed possible. And instead, at the first round of the bill proposal, the halt comes. A halt that will not be decisive but will likely initiate a round of negotiations.
$BTC
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