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Senate Torpedoes Stablecoin Bill—Treasury Decries ’Innovation Roadblock’
Senate Torpedoes Stablecoin Bill—Treasury Decries ’Innovation Roadblock’
Washington just slammed the brakes on crypto’s march toward legitimacy. The Senate’s rejection of the stablecoin bill sends regulators back to square one—and leaves the industry fuming.
Behind the scenes: Treasury officials warn this gridlock could let offshore stablecoins dominate. Meanwhile, Wall Street quietly sips champagne—nothing disrupts legacy finance like regulatory chaos.
Final thought: When DC moves slower than blockchain settlement times, maybe the system’s the problem.
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