Political Tectonic Shift in Crypto!

Pro-crypto Democrats in the U.S. Senate are suddenly pulling support for a stablecoin bill led by Republicans. This is a blow to efforts for America's first regulatory framework for stablecoins. Senators like @RubenGallego and @RepAndyKimNJ demand more safeguards against financial mischief. The GENIUS Act, brainchild of Senator Bill Hagerty, now dangles on precarious grounds. These Democrats emphasize prudent crypto regulation but show growing hesitation. Let's see if bipartisan cooperation can rewrite this legislature.