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Crypto Lobbyists to DC: Stop the Stablecoin Circus and Focus

Crypto Lobbyists to DC: Stop the Stablecoin Circus and Focus

CoindeskEN
Author:
CoindeskEN
Release Time:
2025-06-02 22:49:31
0

Crypto Lobbyists Urge U.S. Senators to Dodge Distraction in Stablecoin Debate

Crypto advocates are pushing U.S. senators to cut through the political theater and tackle stablecoin regulation head-on—before the next ’groundbreaking’ hearing devolves into another meme-coin sideshow.

Behind the scenes, industry players warn that partisan bickering and regulatory turf wars could stall progress—leaving the $160B stablecoin market in limbo while TradFi banks quietly lobby for their own watered-down versions.

Funny how Wall Street suddenly cares about ’consumer protection’ when there’s a disruptive technology to co-opt.

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