Stablecoin bill ‘hotlined’ for vote, but hits Dem curveball as sponsors flee

Senator Bill Hajariti, R-ENN, recently obtained the direction and creation of the national innovation of the American Stablecoins (Genus) that regulates Stablecoin “Hotlined” for a faster Senate voting process, just as Democrats began to raise political and political concerns about the legislation they previously supported.

“The genius law (directing and creating the national innovation of the American Stablecoins) creates a strong organizational framework and a manifestation of a survey to modernize our payment systems and confirms the dominance of the US dollar,” said Hagriti News Digitter on Monday.

“I am enthusiastic about seeing it soon to ensure the prosperity of the innovation of digital assets in America, customers are protected, and foreign companies are held on the same standards,” he said.

However, Hajari was also criticizing the Democrats-some of whom defected after they originally supported the legislation in March-while its Republican sponsors, Send.

For us to consolidate itself as a bitcoin mining center

Haji added: “We cannot allow party games to take out the momentum that we have seen during the past three months on this legislation. We have a choice here: go ahead or confirm that the legislation of assets and digital encryption is still just a Republican field.”

Supporters say Stablecoin is a type of cryptocurrency that directly tracks a currency supported by the government like the US dollar, which gives it more security, legitimacy and the least fluctuation.

After the adoption of the TROMP company, the STABLECOIN company has been adopted by a great investment company at Binance, Senator Elizabeth Warren, MAS, seemed to warn at timing.

“A shaded box backed by a foreign government announced that he will just make a billion dollar deal using Stablecoins from Donald Trump,” Warren said in a statement.

Trump’s Stablecoin’s co -founder has been chosen for $ 2 billion.

Senator Robin Galgo, Dr. Areez, supporter of the original draft law, expressed his concerns during the weekend. (Getty / Getty Images)

“[This is] Legislation that will make it easy for the president and his family to formulate their own pockets. “

However, Warren’s criticism was different from the criticism of former supporters such as Senator Robin Galigo, De Areez, who instead suggested that the reconsideration was more rooted in the political process to consider the draft law.

Gallego originally said that digital origins appear “here to survive” and that congress must find an agreement from the two parties on how to organize it for the safety of the consumer.

“Although this bill is not perfect, we have made many improvements through the work of our two -party committee – including better protection for customers in bankruptcy, addressing national security risks, and promoting preservative studies to maintain financial stability – and I think it is a step in the right direction,” he added at that time.

However, on Sunday, Galigo refused to demand his sudden change in the political heart – such as Warren or others.

“This is not some reflection anywhere by the Democrats,” he said. “The fact of the matter is that the Democrats, including me and my team, were trying to negotiate with the Republicans for weeks.”

“It seems that they want us to absorb it and vote for this bill without our inputs,” he said.

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In a statement issued by Gallego and other eight Democrats, the bloc said they support an organizational frame[ed]“The work approach across the corridor did not address their concerns.

The legislators wrote that the draft law requires more discussion on the provisions of anti -money laundering, accountability and national security.

Separately, the leader of the Senate Minority Charles Schumer, DN.Y, warned the Democrats against supporting the bill during a lunch on Thursday against warming to the genius law, according to Politico.

Shomer’s office did not respond to the request for comment, but the meeting of the meeting of Fox News Digital was confirmed by a Republican source.

In addition, Shomer previously supported the addition of Stablecoin’s legislation to the re -authorization of 2024 to finance the Federal Aviation Administration, saying that his goal is “Is this: I want to bring members on both sides of the corridor here in the Senate … so that we can transfer reasonable legislation that helps the United States to maintain its position as a more innovative country in the world.”