Stablecoin Vote Sparks Turmoil Within the Democratic Party
12h05 ▪
5
min read ▪ by
As crypto gradually redraws the lines of global financial power, the American Democratic Party is undergoing an unprecedented political storm. The Senate vote on May 19th on the GENIUS Act – a regulatory framework for stablecoins – has fractured the already fragile unity of the Democrats. By agreeing to advance the legislation, sixteen senators chose to navigate troubled waters, at the risk of fueling mistrust among their own electorate.
In Brief
- 16 Democratic senators voted in favor of the GENIUS Act…
