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The U.S. Senate voted to halt the stablecoin bill, citing procedural delays and tension surrounding Trump’s crypto policies.
What’s the Scoop?
- Cloture Vote: The Senate voted via cloture on Thursday, ceasing work on the stablecoin bill due to the involved procedural process.
- Political Friction: Senators from both sides expressed frustration, with John Thune criticizing Democrats' revisions leading to six bill iterations.
- Lack of Bill Text: Senators like Raphael Warnock emphasized that critical elements like the GENIUS Act still lacked finalized bill text.
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