Pro-crypto Democrats pull support for stablecoin bill in last minute

A group of US Senate Democrats known for supporting the crypto industry have said they would oppose a Republican-led stablecoin bill if it moves forward in its current form. The move threatens to stall legislation that could establish the first US regulatory framework for stablecoins, according to a May 3 report from Politico. Per the report, nine Senate Democrats said in a joint statement that the bill “still has numerous issues that must be addressed. ” They warned they would not support a procedural vote to advance the legislation unless changes are made source: https://cointelegraph.com/news/democrats-pull-support-gop-stablecoin-bill?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound