Senate Democrats Blocking Crypto Bill

Senate Democrats blocked a crypto bill that promotes financial inclusion, causing frustration among Republicans. The bill aimed to establish a regulatory framework for stablecoins, a key part of the cryptocurrency industry. Republicans accuse Democrats of playing politics and denying access to cost-effective financial services. The bill's failure may hinder financial inclusion for underbanked populations and prevent America from remaining a global leader in cryptocurrency innovation.

World Liberty Financial Launches USD1 Stablecoin

World Liberty Financial, backed by President Donald Trump and his family, has launched a stablecoin called USD1, pegged to the U.S. dollar. The company raised $550 million through token sales, with potential political entanglements. Stablecoins are becoming increasingly popular in the market.