Bloomberg: Stablecoin legislation split, Democrats threaten to use unlimited debate to obstruct legislation

Planet Daily News: A bipartisan bill in the U.S. Senate aimed at establishing a federal framework for stablecoins has encountered significant disagreements during discussions. Some Democratic lawmakers have threatened to use a filibuster, demanding enhanced consumer protection and anti-money laundering provisions. A Democratic senator pointed out that the new agreement still has "numerous loopholes" in regulating stablecoin issuance and banking reserve requirements, and without corrections, it cannot safeguard ordinary users' rights. These disagreements have forced the originally scheduled vote this week to be postponed, making the legislative prospects increasingly uncertain. Market professionals are concerned that if the bill is not passed in the current Congress, the regulatory vacuum for the U.S. stablecoin ecosystem may continue, affecting the industry's development speed. (Bloomberg)