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Major Setback for Crypto Industry: Senate Democrats Block Stablecoin Regulation Bill

US regulation 1 4171125853

the staff of the Ridgewood blog

Washington DC, in a significant blow to both the cryptocurrency industry and a top legislative priority of former President Donald Trump, Senate Democrats have voted to block a bill to regulate stablecoins, halting momentum on a bipartisan push to bring clarity to the fast-growing digital asset sector.

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