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Senate Votes Against Advancing Stablecoin Bill, Delaying Process as Trump Concerns Fester

Last-minute Democrat objections led to a failed vote to move into debate on a top crypto industry legislative priority to regulate dollar-based tokens.

U.S. Capitol Building (Jesse Hamilton/CoinDesk)
The U.S. Senate opposed. a procedural vote on the stablecoin bill that may further delay the legislation. (Jesse Hamilton/CoinDesk)