Democrats block stablecoin bill as they raise concerns about Trump’s crypto ventures

By MARY CLARE JALONICK and ALAN SUDERMAN, Associated Press
WASHINGTON (AP) — Senate Democrats have blocked legislation to regulate stablecoins, a form of cryptocurrency, after arguing that the bill needed stronger protections and airing concerns that it could help President Donald Trump enrich himself.
The bill, which would regulate how stablecoin issuers operate in the U.S., had previously won some Democratic support. But it failed 49-48 on a procedural vote Thursday after Democrats said