Pro-crypto Democrats pull support for stablecoin bill in last minute
A group of US Senate Democrats known for supporting the crypto industry have said they would oppose a Republican-led stablecoin bill if it moves forward in its current form.The move threatens to stall legislation that could establish the first US regulatory framework for stablecoins, according to a May 3 report from Politico.Per the report, nine Senate Democrats said in a joint statement that the bill “still has num…
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