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Voting of US Senate 8. May. finished to an ingenious actan account that was supposed to create clear rules for Stablecoins related to the US dollar.
Formally called the leadership and establishment of national innovation for US Stablecoins from 2025, failed to get enough support after Several Democratic Senators gave up.
The proposal was aimed at setting clear rules by companies that issue stabiblekoins, especially those used to pay. Senators both sides worked on the proposal of the law, including Bill Hagerty, the team of Scott, Cynthia Lummis, Kirsten Gillibrand and Angela Alsobrooks.
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To get more support, account has been updated with stronger money washing measures. These changes were to alleviate concern about how stabilcinas could be abused. Despite these adjustments, measures did not collect 60 votes The debate had to be completed and the final decision.
In a 9. May Post on xSenator Lummis said she was “deeply disappointed” and emphasized that the digital assets were there to stay, and now it is necessary to take over the lead.
SCOTT Bessent Treasury Secretary noticed This without American leadership, other countries can set a tone for the development of stabilecoin.
Departure of democratic senators to an ingenious act came as Concerns have grown because of the increasing interest of President Donald Trump for the crypto business.
Recently, Elizabeth Warren and Adam Schiff called for an ethical investigation after President Trump called on the main owners of his meme coin, the official Trump (Trump), to private dinners. What did they say? Read the whole story.
After a master’s degree in economics, politics and culture of the East Asia region, Aaron wrote scientific papers by analyzing the differences between Western and collective forms of capitalism in the Era after World War II.
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