U.S. Senate Rejects Stablecoin Bill, Delaying Regulatory Progress Amid Trump Concerns
Democratic objections resulted in a failed Senate vote to advance a crucial bill aimed at regulating stablecoins, putting the regulatory process on hold.

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Democratic objections resulted in a failed Senate vote to advance a crucial bill aimed at regulating stablecoins, putting the regulatory process on hold.
Senate Majority Leader John Thune advocates for advancing stablecoin legislation amid rising resistance from Democrats, who previously supported it.
A recent directive from the U.S. Office of the Comptroller of the Currency permits banks to buy and sell their customers' cryptocurrency assets.
The CFTC has officially dropped its appeal in the case against Kalshi, allowing the platform to facilitate political event contracts.
New Hampshire has legislated the allocation of public funds for cryptocurrency investment, marking a significant milestone in state finance.
The European Central Bank has initiated an innovation hub involving 70 participants to assess the functionalities and applications of its digital euro initiative.

Rep. Maxine Waters is set to obstruct a crucial hearing on the proposed crypto market structure bill due to concerns over President Trump's crypto connections.
The U.S. House committees have introduced a draft bill aimed at regulating cryptocurrency, building on previous legislative efforts.
The U.S. Treasury has sanctioned the Karen National Army, targeting its leaders accused of facilitating large-scale cyber crimes against American citizens.
Governor Katie Hobbs vetoed a proposed bill that aimed to integrate bitcoin into Arizona's financial reserves.
Two digital asset directors from the IRS, Seth Wilks and Raj Mukherjee, have stepped down just over a year after their appointments, raising questions about the future of cryptocurrency regulation.
Two significant directors from the IRS focused on cryptocurrency initiatives have accepted voluntary resignations after a brief tenure with the agency.

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