Senate Stalled on Stablecoin Bill Amidst Bipartisan Hurdles

The U.S. Senate faces significant challenges in advancing a key stablecoin bill, which has been met with pushback from lawmakers seeking to shape the regulatory landscape for digital assets. The bill, introduced by Senator Bill Hagerty and backed by bipartisan support, aims to establish clear regulations for cryptocurrencies. However, its progress is hampered by ongoing revisions in response to various policy demands, raising questions about the bill’s ultimate fate.