The Democratic Party has made progress in stablecoin legislation, how will they push forward in the future?
2026-11-11 17:05:44
According to CoinMeta, the Democratic Party has previously supported crypto legislation. How will they push forward for stablecoin legislation in the future? In the upcoming Congress, the Democrats will enter with a record of helping to pass stablecoin legislation, despite clear disagreements on other crypto regulations. Previous votes have left room for new agreements, but additional negotiation conditions, such as restrictions on officials' crypto interests and stronger financial safeguards, provide a clearer guide for future debates in the industry. On July 17, 2025, the House of Representatives passed a clear bill with 78 Democrats in favor and 134 against it. All voting Republicans supported the bill, and the divisions among Democrats have become the clearest indication of the negotiations needed within the party. The Senate formed a different alliance in its stablecoin vote a month ago, passing the "Genius Act" with a vote of 68-30. Congress has reached some consensus on defining payment tools in legislation, although there are still disagreements regarding exchanges, token issuers, and decentralized finance. The results of the midterms give new relevance to these early decisions. The Democratic opposition could become a priority for committee hearings and proposal revisions at the start of the new Congress.
Bullish 0
Bearish 0
Source:Cryptonews
This content is for market information only and does not constitute investment advice.