Last-Minute Reversal: Pro-Crypto Democrats Withdraw Support for Stablecoin Legislation
A group of pro-crypto Senate Democrats has unexpectedly withdrawn their support for a Republican-led stablecoin bill, jeopardizing its chances of passing. This decision comes just as the Senate prepares to consider the legislation, which aims to establish a regulatory framework for stablecoins in the U.S.
Posted May 4, 2025, 4:43 PM UTC
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