US Edition
Democrats block stablecoin bill in blow to crypto
- On May 8, 2025, a Senate vote in Washington, D.C. fell short of the required threshold to move forward with a pioneering stablecoin regulatory bill supported by the cryptocurrency industry.
- Democrats blocked the bill due to insufficient consumer protections and concerns over President Trump's family's crypto business ties involved in stablecoin issuances.
- The bill had bipartisan support, passing the Senate Banking Committee 18-6 with five Democrats voting yes, but key figures like Sen. Mark Warner and Sen. Ruben Gallego opposed it on the floor.
- Senate Banking Chair Tim Scott said, "We are simply delayed," pledging to continue efforts for a digital asset framework the American people voted for.
- The bill's failure delays a national framework, leaving stablecoin regulation fragmented across states and raising issues over consumer safety and crypto industry abuses.
68 Articles
68 Articles
Tim Scott Slams Dems for Blocking Crypto Bill - American Faith
Senate Banking Committee Chairman Tim Scott (R-SC) sharply criticized Senate Democrats on Friday for blocking the GENIUS Act, a Republican-led bill to regulate stablecoins and promote financial inclusion. Speaking to Breitbart News, Scott called the move “disgusting” and accused Democrats of prioritizing politics over helping working-class Americans. The Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act aimed to crea…
sgtreport.com
Activist PostThe Hidden Dollar Revolution: America’s New Digital Money System
by Matt Smith, International Man: This entire post is the result of a thought experiment and subsequent research. The question I asked myself was, “What if, knowingly or not, the Trump administration was continuity rather than revolutionary?” The Digital Control Grid: Hidden in Plain Sight America’s digital control grid wasn’t built overnight. It wasn’t constructed […]
Key legislation to advance cryptocurrency blocked by Dems on the Senate floor
A bipartisan bill to advance and regulate stablecoins was shot down on the Senate floor Friday after Democrats who previously voted in favor of the legislation changed course.Sources close to GOP party leadership say Senators Elizabeth Warren, D-Massachusetts, and Minority Leader Chuck Schumer, D-New York, rallied the party against the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act ahead of a vote to take up the b…
The GENIUS Act—a proposal to regulate the stables and put order in the crypto Far West—was blocked in the Senate, and not because of lack of technical votes, but because of excess mistrust. What seemed like a historic step towards legitimizing digital assets ended up crashing against the wall of suspicions of corruption, thanks to the small detail that President Trump’s family has a cryptic business empire, including a stablecoin that would casu…
Tim Scott: 'Disgusting' Senate Democrats Blocked Crypto Bill
Senate Banking Committee Chairman Tim Scott (R-SC) on Friday told Breitbart News that, as a kid who grew up in poverty, it was "disgusting" to see Senate Democrats block a crypto bill that promotes financial inclusion. The post Exclusive — Sen. Tim Scott: As a Kid Growing Up in Poverty, ‘Disgusting’ Senate Democrats Blocked Crypto Bill to Boost Financial Inclusion appeared first on Breitbart.
Coverage Details
Bias Distribution
- 35% of the sources are Center, 35% of the sources lean Right
To view factuality data please Upgrade to Premium
