Crypto divide in the Senate: Democrats clash as Trump pushes forward on Stablecoin Bill
Crypto hits the Senate floor as Trump’s shadow looms over Stablecoin Bill
The US Senate took a historic step towards regulating stablecoins Monday night, May 19 but the debate on the chamber floor extended far beyond digital finance.
While the official focus was on establishing a framework for dollar-pegged cryptocurrencies, the subtext was unmistakable: President Donald Trump’s growing influence over the future of crypto loomed large over the proceedings.The procedural vote passed handily, 66 to 32, a moment some hailed as historic, the first serious bipartisan movement toward regulating crypto. But if the tally suggested unity, the speeches and side-glances told another story. Trump’s unapologetic crypto boosterism hovered over…
The US Senate took a historic step towards regulating stablecoins Monday night, May 19 but the debate on the chamber floor extended far beyond digital finance.
While the official focus was on establishing a framework for dollar-pegged cryptocurrencies, the subtext was unmistakable: President Donald Trump’s growing influence over the future of crypto loomed large over the proceedings.The procedural vote passed handily, 66 to 32, a moment some hailed as historic, the first serious bipartisan movement toward regulating crypto. But if the tally suggested unity, the speeches and side-glances told another story. Trump’s unapologetic crypto boosterism hovered over…
