US Senate Blocks Stablecoin Legislation Over Trump Memecoin Controversy

A bill to promote stablecoins was blocked in the U.S. Senate on Thursday (May 8) over political disagreements and controversy surrounding President Donald Trump's crypto ventures, according to reporting from Bloomberg. The bill only garnered 48 votes, falling short of the 60 votes needed to bring the measure up for consideration.

Source: pymnts.com

Related symbols: SENATEUSD