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

The U.S. legislation that would establish stablecoin regulation failed to take a huge step closer to reality on Thursday as a rush of Democratic resistance kept the bill from moving into a debate phase, which would have been the path toward an eventual vote on passage.The crypto industry has been closely watching the Senate, where the fate of its long-fought legislative battle hangs in the balance this year source: https://www.coindesk.com/policy/2025/05/08/senate-votes-against-advancing-stablecoin-bill-delaying-process-as-trump-concerns-fester