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Senate Stablecoin Showdown: Legislation Charges Forward as Crypto Braces for Impact
Senate Stablecoin Showdown: Legislation Charges Forward as Crypto Braces for Impact
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Washington’s wheels are finally grinding toward action—after years of handwringing, the U.S. Senate is advancing a stablecoin bill that could reshape crypto’s wild west. Expect fireworks as regulators and DeFi maximalists collide over who gets to control the dollar’s digital doppelgängers.
Behind the scenes: Lobbyists are working overtime to water down provisions while Treasury officials push for ironclad oversight. Because nothing says ’financial innovation’ like a 300-page compliance rulebook drafted by career bureaucrats.
The bottom line: Whether this bill becomes law or dies in committee, one thing’s certain—Wall Street will find a way to profit from the chaos while retail traders foot the bill. As always.
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