Bipartisan Stablecoin Bill Advances Amid Political Tensions Over Trump Crypto Holdings

BTCC / BTCC Square / Global Cryptocurrency /

Author:

Release Time:

2025-05-14 21:43:01

A bipartisan effort to revive stalled stablecoin legislation gained momentum in the U.S. Senate this week, with Senators Bill Hagerty (R-TN) and Angela Alsobrooks (D-MD) pushing for a pre-recess vote. The move comes as progressive Democrats raise concerns about former President Trump’s cryptocurrency ventures, which include several blockchain-based projects launched since his return to private life.

The GENIUS Act failed to advance by a single vote (48-49) on Thursday, dealing a blow to crypto advocates who view regulatory clarity as crucial for mainstream adoption. Political tensions surrounding digital assets have intensified in Washington, with Trump’s crypto dealings becoming an unexpected flashpoint in the debate over stablecoin regulation.

By:

Log in to Reply

Wall Street Extends Gains as US-China Trade Tensions Ease

Articles on this site are sourced from public networks or curated by AI for informational purposes only and do not represent BTCC’s views. Original rights belong to the respective authors. For copyright concerns, please contact [email protected]. BTCC assumes no liability for the accuracy, timeliness, or completeness of this information, and disclaims all liability arising from reliance on such content. This content is for reference only and should not be taken as investment, legal, or commercial advice.