Senate Stablecoin Bill Hits Roadblock Amid Bipartisan Clash

By: crypto news|2025/05/05 19:45:01
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The US Senate is facing a sudden breakdown in negotiations over a landmark cryptocurrency bill, placing one of former President Donald Trump’s top financial policy priorities in jeopardy.The legislation, aimed at establishing the country’s first federal regulatory framework for stablecoins—digital assets pegged to the U.S. dollar—has hit a bipartisan snag, following pushback from key Senate Democrats.On Saturday, nine Democratic senators, including some who had previously backed the bill in committee, issued a joint statement rejecting a revised version of the legislation introduced by Republicans last week.Senate Democrats Say Revised Crypto Bill Lacks Key ProtectionsThe new draft, they argue, falls short on critical safeguards against money laundering and fails to adequately protect the financial system.Senator Ruben Gallego, who led the Democratic response, said efforts to negotiate improvements had been ongoing for weeks, but the latest version “backpedaled on a lot of the progress we made.”In a post on X, he criticized Republicans for seeking a floor vote without incorporating Democratic input.The clash has emerged despite growing bipartisan interest in advancing crypto regulation.The stablecoin bill, spearheaded by Sen. Bill Hagerty (R-Tenn.), was passed out of the Senate Banking Committee in March with backing from five Democrats.However, momentum appears to have stalled amid deepening political divisions.Democratic concerns reportedly intensified during a private caucus meeting last week, where Senate Majority Leader Chuck Schumer urged colleagues not to commit to the bill in its current form.According to aides, Schumer raised issues with how the legislation might treat foreign firms like Tether, the issuer of the largest stablecoin globally.Senator – I am going to destroy the people who supported you from crypto. And I will be successful in ensuring 100% of funding goes to defend the GOP *house* in 26 so that you suffer four years of losses. You were never a good faith actor, my friends were too weak to admit it.— Ryan Selkis (d/acc) (@twobitidiot) May 4, 2025Senator Elizabeth Warren also voiced strong opposition, citing reports that a $2 billion deal backed by Abu Dhabi would use stablecoins issued by a Trump-affiliated firm.The Massachusetts senator warned against pushing through industry-friendly legislation while the Trump family expands its crypto ventures.Despite these objections, Sen. Kirsten Gillibrand, a co-sponsor of the bill, defended the revised draft, asserting that regulation—not delay—is the best way to address concerns over Trump’s crypto involvement.Four of the five Democrats who initially supported the bill have now said they cannot back the current version.Without their support, Republicans would struggle to secure the 60 votes needed to proceed. Nevertheless, lawmakers on both sides say talks will continue in hopes of reaching a bipartisan resolution.Stablecoin Market to Surge 10x to $2 Trillion by 2030Citigroup has projected a dramatic rise in the stablecoin market, forecasting that its total market capitalization could soar from nearly $240 billion today to over $2 trillion by 2030.The prediction says the growth in adoption would be driven by regulatory developments and increased interest from both financial institutions and the public sector.According to the banking giant, stablecoin supply could reach $1.6 trillion by the end of the decade under its base-case scenario, while a more optimistic outlook places the figure at $3.7 trillion.As reported, the number of active stablecoin wallets has surged by over 50% in the past year, reflecting growing adoption and engagement within the digital asset ecosystem.The post Senate Stablecoin Bill Hits Roadblock Amid Bipartisan Clash appeared first on Cryptonews.

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On March 4, 2026, DDC Enterprise Limited (NYSE American: DDC) today announced preliminary, unaudited full-year financial performance for the year ended December 31, 2025. The company expects to achieve record revenue and record positive adjusted EBITDA, primarily driven by continued growth in its core consumer food business and overall margin improvement. The final audited financial report is expected to be released in mid-April 2026.


2025 Full-Year Financial Highlights


Revenue: Expected to be between $39 million and $41 million, reaching a new company high.


Organic Growth: Excluding the impact of the company's strategic contraction of its U.S. operations, core revenue is expected to grow 11% to 17% year over year.


Gross Profit Margin: Expected to be between 28% and 30%, reflecting continued operational efficiency improvements.


Adjusted EBITDA: The company expects to achieve a positive full-year result in 2025, a significant improvement from a $3.5 million loss in 2024, mainly due to rigorous cost controls and a higher-margin sales mix.


Core Consumer Food Business Performance


In 2025, DDC's core consumer food business maintained strong operational performance.


The company also disclosed Core Consumer Food Business Adjusted EBITDA, a metric that further excludes costs related to its Bitcoin reserve strategy and non-cash fair value adjustments related to its Bitcoin holdings from adjusted EBITDA to more accurately reflect the core business performance.


In 2025, Core Consumer Food Business Adjusted EBITDA is expected to be between $5.5 million and $6 million.


Bitcoin Reserve Update


In the first half of 2025, DDC initiated a long-term Bitcoin accumulation strategy, holding Bitcoin as its primary reserve asset.


As of December 31, 2025: The company holds 1,183 BTC.


As of February 28, 2026: Holdings increased to 2,118 BTC


Today's additional purchase of 65 BTC brings the company's total holdings to 2,183 BTC


DDC Founder, Chairman, and CEO Norma Chu stated, "We are proud to have closed 2025 with record revenue and positive adjusted EBITDA, demonstrating the steady growth of the company's consumer food business and the ongoing improvement in profitability. We are building a disciplined, growth-oriented food platform and strategically allocating capital to Bitcoin assets with a long-term view, aligning with our core beliefs. We believe that this dual-track model of 'Steady Consumer Business + Strategic Bitcoin Reserve' will help DDC create lasting long-term value for shareholders."


Adjusted EBITDA Definition
For the full year 2025, the company defines "Adjusted EBITDA" (a non-GAAP financial measure) as: Net income / (loss) excluding the following items:· Interest expense· Taxes· Foreign exchange gains/losses· Long-lived asset impairment· Depreciation and amortization· Non-cash fair value changes related to financial instruments (including Bitcoin holdings)· Stock-based compensation


About DDC Enterprise Limited


DDC Enterprise Limited (NYSE: DDC) is actively implementing its corporate Bitcoin Treasury strategy while continuing to strengthen its position as a leading global Asian food platform.


The company has established Bitcoin as a core reserve asset and is executing a prudent, long-oriented accumulation strategy. While expanding its portfolio of food brands, DDC is gradually becoming one of the public company pioneers in integrating Bitcoin into its corporate financial architecture.


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