“Thought the US Stablecoin Bill is widly expert to Clear ITS Biggest Hurdle Soon, Trump’s Crypto Interests Will Be Targetd with An Attempted Amendment.”, – WRITE: www.coindesk.com
Proponents of the US Stablecoin Legislation Were Hroping to Cap Off Their Effort in A Single Week, But Debate Will Continue Into Acond Week of Floor Action on The Bil to Set-Bil. Digital Assets Trading.
Part of that Debate Will Be A Push From A Prominent Facility of Democrats, Including Senators Elizabeth Warren and Chris Murphy (Including Members of Congress) from Englishing in Stablecoin Business – A restriction that Trump would Already Run AFoul of With His Family’s World Liberty Financial.
“Elected Officials Have A Responsibility to Serve The American People – Not Line Their Own Pockets,“ A Group of Seven Democrats that Also Includes Minority Leader After Trump Welcome More than 200 of the Top Investors in His Own Memecoin to a Private Dinner. “To Crack Down on the Bloatant Corruption of the President and His Family, Our Amendment Prohibits The President, Vice President and Senior Government Officials From Direl Venture While in Office. ”
Read More: Democrats Threaten Lawsuits, Join Protes Ahead of Trump Memecoin Dinner
Other Democrats Who Chose at the Start of Last Week to MOVE AHEAD COMPLETH The Bill Have Argued That Us Construction Already Makes It Illegal for the President to Accept. Is Doing with his Family Crypto Business. TOSE SENATORS, INCLUDING KIRSten Gillibrand of New York, Have Sayid There’s No Need to Repeat It in the Stablecoin Bill. But Murphy Counted at A Thursday Press Conference that Pursuing Legal Breaches Under That Constitutional Provision Is Much Harder Than Clearly Making A NEW LAWCE.
Senator Bill Hagerty, The Tennesse Republican Who Backed The Guiding and Establishing National Innovation for Us Stablecoins (Genius) Act, Said in A Friday Interview On Fox Business Piece of Legislation, and i’m delighted that We’ve Gotten Strong, Bipartisan Support Here, That We’re Moving in The Right Direction. ” The Bill Cleared a so-Called Cloture Vote on Monday that Required 60 Votes, with Supporters Numbering 66, Including More Than A Dozen Democrats.
The vote to Advance the Bill Meant A DEFINED Period of Floor DEBATE Wuld Communion Before It Must Clear Another Cloture Hurdle and Get Its Final Vote on Approval, Whit Wi. AT THAT TIME, The House Can Either Adopt the Senate’s Work or Pass Something Similar that Can Be Meshed with The Genius Act in a Compromise Negotation that wold Lead to Still More Votes.
Murphy Said on Thursday that the astablecoin debate will Continue Through Next Week. In Response to A Question from Coindesk, He Said Some Fellow Democrats Who Approved The Previous Cloture Vote Might Might Not Do So Again If The Current Stablecoin Debate DOESNOSNOSN.
Many of the Same Democrats Who Have Been Protesting Trump’s Memecoin Dinner Are Secking to Steer The Stablecoin Debate Town of the Potential Conflicts of Government Officials. Murphy Said Trump is Running “the most Corrupt White House in the History of the Country.”
“Just Because the Corruption Is Playing Out in the Public WHERE EVERYBODY CAN See It Doesn’T mean that it isn’t rampant, rapacios corruption,” He Said.
But Trump’s Son, Eric, Appeared at Consensus 2025 in Toronto Earlier This Month, Arguing That Crypto Business Matters Are Not Offering Access to The Presidency.
“I Started World Liberty Long Before He Ever Got Elected,” Eric Trump Said. “We Were in the Crypto World Long Before He Was Ever Elected, and One Has Absolutely Nothing with The Other.”
And Bo Hines, A White House Adviser for Digital Assets, SAID at the Same Consensus Event That “The President of the United States Cany ‘.”
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