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Senate Torpedoes Stablecoin Bill—Treasury Decries ’Innovation Roadblock’
Senate Torpedoes Stablecoin Bill—Treasury Decries ’Innovation Roadblock’
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Washington just slammed the brakes on crypto’s march toward legitimacy. The Senate’s rejection of the stablecoin bill sends regulators back to square one—and leaves the industry fuming.
Behind the scenes: Treasury officials warn this gridlock could let offshore stablecoins dominate. Meanwhile, Wall Street quietly sips champagne—nothing disrupts legacy finance like regulatory chaos.
Final thought: When DC moves slower than blockchain settlement times, maybe the system’s the problem.
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