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The Defiant 2025-05-12 11:30:27

Senate Democrats Block Stablecoin Bill Amid Trump Family Crypto Ventures and Ban Proposal on Crypto Promotion

Senate Democrats Block Stablecoin Bill Amid Trump Family Crypto Ventures and Ban Proposal on Crypto Promotion

The U.S. Senate recently voted against advancing a key stablecoin bill, with Democratic senators blocking the legislation amid concerns over cryptocurrency risks and potential conflicts of interest involving President Donald Trump. Democrats shifted their stance from a previously more crypto-friendly position, citing worries that Trump's substantial earnings from cryptocurrency dealings, including foreign actors seeking policy favors, complicate bipartisan efforts to regulate digital assets. The Trump family's involvement in crypto ventures, including promotion activities by his sons Eric and Donald Jr. in the Gulf region, has raised questions about the intersection of private business interests and public policy. Additionally, Democratic senators have proposed banning crypto promotion by Trump and senior government officials amid the ongoing dispute over the stablecoin bill. Critics argue that Trump's crypto-related financial interests and the potential for foreign influence are slowing progress on broader crypto policy reforms. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

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Loe lahtiütlusest : Kogu meie veebisaidi, hüperlingitud saitide, seotud rakenduste, foorumite, ajaveebide, sotsiaalmeediakontode ja muude platvormide ("Sait") siin esitatud sisu on mõeldud ainult teie üldiseks teabeks, mis on hangitud kolmandate isikute allikatest. Me ei anna meie sisu osas mingeid garantiisid, sealhulgas täpsust ja ajakohastust, kuid mitte ainult. Ükski meie poolt pakutava sisu osa ei kujuta endast finantsnõustamist, õigusnõustamist ega muud nõustamist, mis on mõeldud teie konkreetseks toetumiseks mis tahes eesmärgil. Mis tahes kasutamine või sõltuvus meie sisust on ainuüksi omal vastutusel ja omal äranägemisel. Enne nende kasutamist peate oma teadustööd läbi viima, analüüsima ja kontrollima oma sisu. Kauplemine on väga riskantne tegevus, mis võib põhjustada suuri kahjusid, palun konsulteerige enne oma otsuse langetamist oma finantsnõustajaga. Meie saidi sisu ei tohi olla pakkumine ega pakkumine