After days of tension, the Senate voted against advancing the stablecoin bill.
But why did crypto-friendly Democrats flip?
And how did Trump’s pro-crypto stance make things more complicated?
We break it down w/ @KMSmithDC and @amandatums
Timestamps:
2:01 Why the Senate blocked the vote but the bill isn’t dead yet
5:17 Why some pro-crypto Democrats suddenly flipped
8:08 Key differences between the two competing GENIUS Act proposals
14:18 Whether lawmakers are starting to shift their crypto stances
16:05 Can the Senate overcome divisions and get this across the finish line?
18:14 How Trump’s crypto ties are shaping the legislative battle
20:46 Is the August deadline already slipping out of reach?
22:39 Combining stablecoin and market structure bills
25:59 Why Kristin says it’s a relief not to have to deal with Gensler anymore