The Trump crypto endeavor complicates the way for the legislation of Stablecoin as a democrats of rebellion
Democrats set up new resistance to the croptic legislation of the priority of the Trump administration as objects in the participation of the Trump family in that industry, next to the hosts of other issues.
Their resistance went into the open weekend as nine Democrats, led by the Ruben Gallego (Ariz.), Who opposed the bill that led the GOP that would probably lead to the Chamber to probably supply Major and Republicans.
The bill would establish rules that regulate stablecoins. Stablecoins are associated with other property such as US dollars.
The leader of the Senate Minority Chuck Schumer called members last Thursdays not to commit to voting for Stablecoin, saying that they need an impact on change, according to the person who is familiar with that discussion.
Those who are familiar with the new democratic opposition say that some great concerns are some way the president and his family could benefit from legislation. For others, there are different objections, from issues against money laundering in consumer protection.
Financial World Freedom, the new CRIPTO launchered by President Trump and his sons, last month, presented plans to commit its own US dollar-enrolled stablecoin in partnership with the biography.
That Stablecoin, was announced last week, was picked up as a payer for investing from $ 2 billion in binanci from the state Abu Dhabi investment firm MGK.
Sen. Elizabeth Warren (D-Mass.) He called for a contract with $ 2 billion post In K last Thursday, saying “smells of corruption” and that legislators would consider legislators that would relieve the President and his family to make it easier for their stablecoin. “
Senate said Varren said, “is getting ready for the green light tightening.”
Due to the new democratic treasure, voting on legislation originally scheduled for Thursday is far from 60 votes needed to pass the full Senate and, if it brought to the floor, failed.
This followed the leader of most Senate John Thune last Thursday launched a process that accelerated voting on Stablecoin legislation.
There is the host of other issues that democracies now state as problems. They include new changes to the Democrats request water for consumer protection and weaken the protective measures of money laundering, according to one democratic AIDE.
They also do not like that the president is released from existing ethical rules that prevent high officials from profiting from the property of certain assets.
“This is not a turnaround anywhere by DEMs,” Sen said. Gallego in the post on X Sunday afternoon. “Draft Law entered for noon for consideration of noon pedalized on many progress we have created and has not included other improvements we requested,” he added.
(TagstotRanslate) Trump (T) Ruben Gallego (T) Senate Bill (T) Democrats (T) Trump Family (T) White House (T) Senate Minority Leader (T) Sen
https://s.yimg.com/ny/api/res/1.2/KE_jyI16Kt64QYspXPvL2g–/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD04MDA-/https://s.yimg.com/os/creatr-uploaded-images/2025-03/2f627ba0-00fb-11f0-b65f-788e1223b25b
2025-05-05 22:53:00
