Senate Stablecoin Debate Extends Amid Trump Crypto Scrutiny
The U.S. Senate’s push to pass landmark stablecoin legislation faces delays as Democrats demand provisions targeting potential conflicts of interest among senior officials. Senators Elizabeth Warren and Chris Murphy lead efforts to amend the bill, proposing bans on presidential and congressional involvement in stablecoin businesses.
Stablecoins, the dollar-pegged tokens underpinning crypto markets, remain central to the debate. The prolonged deliberations reflect growing institutional engagement with digital assets, even as political tensions surface around regulatory frameworks.