In this news:
WASHINGTON, DC - APRIL 09: U.S. Sen. Ruben Gallego (D-AZ) speaks at the American Bankers ... More Association's Washington Summit at the Walter E. Washington Convention Center on April 09, 2025 in Washington, DC. The Summit from April 7-9 gathers bank leaders from around the United States to hear about key policy issues from lawmakers and comes after Trump’s reciprocal tariffs on around 90 countries took effect. (Photo by Kayla Bartkowski/Getty Images)
Getty Images
Crypto policy is a bipartisan issue, but the current standoffs over stablecoin and market structure legislation are clearly along partisan lines. Political theater aside, the failure of the Senate Guiding and Establishing National Innovation for U.S. Stablecoins Act, and the derailment of the joint House Financial Services and Agriculture Committee market structure hearing last week was a spectacle that consumers of digital assets watched with bated breath.
Narrow Debate Around Risk & Competitiveness
The various positions are limited in scope, when you consider the needs of rural, urban, main-street consumers.
Democrats want guardrails to ensure that legislation does not enable a money grab by President Trump’s family and expand anti-money laundering rules.
Republicans want to fast track legislation to jumpstart industry growth and foster global competitiveness.
Surely compromise is possible. But what has been absent from the tumultuous negotiations around the stablecoin and market structure legislative packages are specific provisions to spur local economic progress.
.png)
