Senate Dems Gear Up Resistance as Stablecoin Bill Meets Test Most Think Will Succeed
CoinDeskMonday, May 19, 2025 at 9:12:25 PM
** Senate Democrats are preparing to push back against a stablecoin bill that’s gaining momentum, even though many believe it’s likely to pass. The upcoming procedural vote is a big deal—it could be a major step forward for crypto regulation, signaling a win for the industry if it clears this hurdle.
What This Means: ** Stablecoins—cryptocurrencies pegged to stable assets like the dollar—have been in regulatory limbo for years. If this bill moves forward, it could bring much-needed clarity to the crypto market, but not without a fight. Democrats’ resistance hints at lingering concerns over oversight and risks, making this a key moment to watch for both policymakers and crypto investors.
— Curated via WP Now’s AI editorial system
