Trump Pushes for Swift Stablecoin Legislation as Top Lawmaker Signals Extended Negotiations
Washington's crypto showdown heats up as former President Trump demands fast-tracked stablecoin regulation—while a pivotal congressman suggests the real work is just beginning.
Behind the political theater: The race to control the $150B stablecoin market pits regulatory urgency against legislative reality. Lawmakers can't even agree on lunch orders, let alone dollar-pegged crypto rules.
Key friction points: Whether stablecoins should live under the Fed's thumb or enjoy lighter oversight, and how to avoid another Terra-style collapse without stifling innovation.
The cynical take: After years of empty promises, this 'progress' smells like another excuse for politicians to grandstand while Wall Street quietly builds the infrastructure to bypass them entirely.
