Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Bloomberg: Stablecoin Legislation Coalition Faces Rift as Democrats Threaten Filibuster

Bloomberg: Stablecoin Legislation Coalition Faces Rift as Democrats Threaten Filibuster

Bitget2025/05/05 16:35
USDC+0.01%

According to Bloomberg, a bipartisan coalition supporting stablecoin legislation in the U.S. Senate has fractured due to a group of key Democratic senators threatening to use a filibuster unless the bill undergoes "numerous" amendments. Republicans had originally hoped to pass the bill this month.

Newly appointed pro-crypto Senator Ruben Gallego from Arizona led this statement. He had supported the bipartisan bill in the Senate Banking Committee, which aims to regulate cryptocurrencies pegged to the U.S. dollar. This Saturday, he, along with eight other Democratic senators, issued a statement warning that they would filibuster the latest draft of the bill.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Trending news

More
1
Stewards completes $10 million PIPE financing to establish DOLO digital asset treasury
2
Berachain: Currently in the final stage of restoring ecosystem operations, has verified and received the pre-signed transaction from the white hat hacker.

Crypto prices

More
Bitcoin
Bitcoin
BTC
$104,260.59
-3.58%
Ethereum
Ethereum
ETH
$3,515.34
-5.64%
Tether USDt
Tether USDt
USDT
$0.9995
-0.05%
XRP
XRP
XRP
$2.28
-5.54%
BNB
BNB
BNB
$951.69
-6.97%
Solana
Solana
SOL
$161.25
-8.52%
USDC
USDC
USDC
$0.9998
-0.01%
TRON
TRON
TRX
$0.2812
-4.12%
Dogecoin
Dogecoin
DOGE
$0.1653
-5.67%
Cardano
Cardano
ADA
$0.5425
-6.27%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter