The US Senate has never been closer to approving a larger piece of crypto conditions as it Muller StableCecoin control proposal, but some Democrats insist that the final debate should tackle the accused conflicts for President Donald Trump.
Supporters of US StableCecoin law hoped to put down their efforts in a single week, but the debate will continue into another week of flooring on the bill to oversee the dollar-based tokens in the heart of trade in digital assets.
Part of this debate will be a push from a prominent fraction of Democrats, including Senators Elizabeth Warren and Chris Murphy, to change the legislation to directly ban the president and other senior government officials (including members of Congress) from participating in StableCoin business – a restriction that Trump would already run with his family’s Liberty Liberty Financial.
“Elected officials have a responsibility to serve the American people – not line their own pockets,” said a group of seven Democrats who also include minority leader Chuck Schumer in a statement on Friday, the day after Trump welcomed more than 200 of the best investors in his own Memecoin for a private dinner. “To crack down on the obvious corruption of the president and his family, our amendment forbids the president, the vice president and senior government officials from direct or indirectly who benefit from a stableecoin initiation while he was in office.”
Read more: Democrats are threatening litigation, participating in protests in front of Trump Memecoin -dinner
Other Democrats who chose at the beginning of last week to move forward with the bill have claimed that the US constitution is already making it illegal for the president to accept something of value of foreign interests as they claim Trump is doing with his family crypto business. These senators, including Kirsten Gillibrand from New York, have said there is no need to repeat it in the stablecoin bill. But Murphy opposed a press conference on Thursday that pursuing legal violations under this constitutional provision is much harder than just clearly making a new law that has explicit consequences.
Senator Bill Hagty, Tennessee Republican, who supported the guidance and establishment of National Innovation for US StableCoins (Genius), said in a Friday interview about Fox business that he is “optimistic when we embrace this piece of legislation, and I am glad we have received a strong, bee -artic support here that we are moving in the right direction.” The bill cleared a so -called clotation vote on Monday demanding 60 votes, with supporters who numbered 66, including more than a dozen Democrats.
Voting to promote the bill meant that a defined period of floor debate would begin before it has to clear another coagulation barrier and get its final vote on approval, which would happen by a simple majority. At that time, Parliament can either adopt the Senate’s work or pass on something similar that can be concluded with brilliant action in a compromise negotiation that would lead to even more votes.
Murphy said Thursday that the stableecoin debate will continue through next week. In response to a question from Coindesk, he said some co -democrats who approved the previous coagulation vote may not do so again if the current stablecoin debate does not enter the Trump question.
Many of the same Democrats who have protested Trump’s Memecoin dinner are trying to control the stableecoin debate against the potential conflicts of government officials. Murphy said Trump is running “the most corrupt the White House in the country’s history.”
“Just because the corruption plays in public, where everyone can see it does not mean that it is not violent, violent corruption,” he said.
But Trump’s son, Eric, appeared in Consensus 2025 in Toronto earlier this month and argued that Crypto Business Matters does not offer access to the presidency.
“I started the freedom of the world long before he was ever elected,” Eric Trump said. “We were in the crypto world long before he was ever elected, and one has absolutely nothing with the other.”
And Bo Hines, a White House adviser for digital assets, said at the same consensus event that “the president of the United States cannot be purchased.”