
Crypto-Backed Stablecoin Bill Blocked Amid Furor Over Trump Memecoin
Senate Democrats blocked stablecoin legislation backed by the digital assets industry amid a furor over President Donald Trump’s extensive and growing portfolio of crypto ventures. Backers of the bill failed to muster enough support to bring it up for consideration in a 49-48 vote Thursday, falling short of the 60 votes needed. Several Democrats, including…