Senate Deadlock Freezes Stablecoin Reform—Again
Partisan gridlock grinds progress to a halt as lawmakers prove they can’t even agree on how to regulate pretend money.
Behind the stalemate: Left wants Fed oversight, right pushes for state control—meanwhile, Tether’s market cap just hit another ATH while DC debates.
Closing thought: Maybe stablecoins don’t need ’reform’... just politicians who understand 21st-century finance before the next bull run leaves them behind.
Trump Memecoin Frenzy Enriches Few, Leaves Thousands in the Red
Following the vote, Senate Majority Leader John Thune expressed frustration, accusing Democrats of stalling progress despite previous compromises.
Prominent figures in the crypto space and on Capitol Hill voiced disappointment. Senator Lummis called the failed vote a missed opportunity, stressing that the U.S. must embrace its leadership role in the digital economy. Treasury Secretary Scott Bessent echoed this sentiment, emphasizing the need for America to guide the global development of stablecoins.
The Blockchain Association also weighed in, noting the setback while remaining optimistic about bipartisan momentum for future regulatory initiatives.
