Landmark Stabcoin is ready to carry forward the Landmark Stabcoin law due to the increasing personal benefits of his own crypto relationship by Senate Democrats President Donald Trump.
Over the weekend, a Democrat Sen Ruben Galergo, a Democrats selected to represent Arizona with $ 10 million from Crypto Super PAC Fairshah, warned with his eight colleagues that they would not vote for the 2025 (Genius Act) Stabelcoin to extend the current version of the establishment of national innovation. The Senate will need 60 votes to proceed with any law.
However, the big issue for the Crypto industry may be that this new battle may have an impact on the upcoming market structure law. The StableCoin bill should eventually leave through the Congress, a person who works with MPs and legislative colleagues, told Coindesk, but any slowing on the ongoing speed may threaten the bill that can delay any progress on the market structure law that defines any progress on the market structure law that American Securities and Exchanges Commission and Exchanges Commissions and Commodity Fuel Can be avoided. Market Structure Law – A Bill that the industry has sought over the years – will cover a broad range of activities compared to the Stabelin bill only.
In particular, two recent announcements may have increased the concern of Democrats and announced at the end of this week: Trump announced a dinner for the top holders of his memecoin and Abu Dhabi investment firm MGX, which would use the UsD1 stabechen of the Trump family-supported World Liberty Financial to use an investment in the bine. Both may have benefited Trump personally to the tune of hundreds of million dollars, USA Today said,
Trump claimed that he was not making profits from his crypto ventures An interview with Meat the Press In the weekend.
“I am not making profits from anything,” he said. “What I am doing, I am starting long before the election. I want Crypto. I think Crypto is important because if we do not do this, it’s going to China. And it’s new, it is very popular, it’s so hot. If you look at the market, it was much stronger than other aspects of the market.
While the Galgo declaration was published over the weekend, Democrats are worried behind the curtain for a few days, Sen Chak Shumar, minority leader, Democrats warned the Democrats to stop support during a Cocks meeting last week, Coindsk confirmed. Axis First reported on this crack.
One of the persons who talked to Coindesk said that he was concerned about how long the fight over Trump’s participation with Crypto could be out of the legislative process for the Stabelin bill, what will be the need to vote for the Democrats to further the bill and what the situation will prevent the market structure bill.
Gallego’s statement, which Democrates Mark Warner, Rafael Warneck, Lisa Blunt Rochester, Catherine Cortez Masteo, Andy Kim, Ben Ray Lujan, John Hicaneloper and Adam Shif said, said the MPs said that the MPs said that the absence of regulation and the inequality for the absence and inequality for the absence of regulation.
The statement said, “However, as a bill it is still on many issues, which should be addressed, including anti-laundering, foreign issuer, national security, preserving the safety of our financial system and sound and preserving accountability for those who do not meet the requirements of the Act,” the statement says.
Gallego, Warner, Kim and Blunt Rochester first joined the Republican in voting to pursue the bill from the Senate Banking Committee.
Sen Elizabeth Warren, who lead Democrats in the Senate Banking Committee, was far more blunt in a post Social media site on blueSaying that the Senate should not pass a bill that would “facilitate such corruption,” referring to the declaration of MGX – publicly shared by Eric Trump, one of the sons of the President – one of the sons of the President.
He said, “The Trump family stabechoin became the 7th largest in the world due to a shady crypto deal with the United Arab Emirates – a foreign government that would give him a crazy amount,” she said.
she wrote A joint paper The Acting Director of the US Office of Government Ethics along with Fellow Democrat Jeffrey Merkeley was asked to his office on Monday to examine the MGX deal.
Stalling speed is not limited to the Senate. Earlier on Monday, rape. The DEM, head of the Maxin Waters, House Financial Services Committee, told the committee’s chair that it would block efforts to hold a joint hearing with the House Agricultural Committee addressing the market structure issues.
“Most of them are politics,” Jet Seberg, a financial-policy analyst with TD Cowen, noted customers on Monday. He said that Trump’s individual stake in Crypto is making it difficult for Democrats to return the Stabecrim bill that will regulate his family business. Nevertheless, he predicted that it would still pass the Senate, although probably not this week.
“Crypto lobby is politically powerful and has shown a desire to dedicate his considerable resources to influence Washington,” Cabberg said. “It is difficult for us to see why Democrats will take the fight when they can take advantage of important concessions from GOP on Stabecrim Bill.”
Lobists for the Crypto industry seem worried about the announcements of the last few days: Monday a joint statement published on Monday urged the MPs to start a floor debate on the bill.
A statement signed by Blockchain Association’s outgoing CEO Christin Smith, acting CEO of Innovation and the new CEO of Digital Chamber, Kodi Carbon, stated that a real regulatory structure would support stabilcoin adoption and “dollars in the digital economy”.
“We respectfully urge the senators to proceed to consider the Genius Act, and take us a step to implement a bipartished stabechoin framework,” the statement said.
Another lobbying organization, the National Venture Capital Association, also weighed with a statement, in which CEO Bobby Franklin asked the Senate to carry forward the Stabelcoin Bill.
The statement said, “American leadership in the digital economy depends on setting up a clear and consistent regulatory structure for stabecoin that promotes innovation, empowering entrepreneurs and helps to build the next generation of financial technologies,” the statement says. “A strong stabechoin framework will also support the Venture Capital Industry’s efforts to return the groundbreaking companies and strengthen the US global financial technology leadership.”
Read more: US Crypto Market Structure Bill House unveiled by MPs
