The US Senate Democrats are getting FLAK after they assisted in transferring Stablecoin law in advance for the Senate floor discussion.
On May 19, 16 Democratic Senators destroyed the party line to pass a movement to invite a cloture, which will now set a bill for debate on the Senate floor. Some of the same democrats took place in early May when they withdrew support, citing corruption concerns about dealing with President Donald Trump’s cryptocurrency.
The opponents of the bill have submitted a decline of lawmakers to support it but soon the senators have been eliminated by their position. The lightly modified law contains no provisions about the World Liberty Financial, the Trump family’s adventure.
Some activists said Democrats who supported the bill should be eliminated by the upcoming democratic primaries in 2026, reflecting a growing rift in the democratic party in cryptocurrencies.
The approach of democratic legislator in crypto shows dividing the party
On May 19, the moderate democratic Senator Mark Warner announced that he would support the bill, Says That’s “not perfect, but it’s better than the status quo.”
Warner sets corruption concerns, saying, “Many senators, along with myself, have real concerns about the Trump family use of crypto technologies to avoid administration (…) but we do not allow corruption that we are blind to the broader reality: Blockchain technology is here to stay.”
Warner concluded that it was better for the US to advance to the imperfect Stablecoin law than to fall into other constituents.
Democratic senator Kirsten Gillibrand, one of the sponsors of the bill, also pushed concerns to Trump’s corruption, saying they should be met separately.
Related: The US Senate has moved forward with Genius Stablecoin Bill
“Many of what President Trump engaged was illegal,” he SaysAdding that he did not want the president’s scandals to “interfere with us from the important goal to have a clear regulatory structure in the United States that could reach this industry.”
During the vote, progressive democrats do not agree. Senator Elizabeth Warren, the leading Democrat in the Senate Banking Committee and a Crypto Industry Critic obtained In a heated argument with Gillibrand on the Senate floor.
https://www.youtube.com/watch?v=SZO7BN3KDYM
Boot Argued On the floor of the Senate, the Stablecoin Market is a bill that turbocharges, while facilitating the President’s corruption and destroying national security, financial stability, and consumer protection are worse than no bill. “
Democrats who oppose the bill do not give up. Senator Michael Bennet of Colorado, who voted against the Genius Act, immediately introduced another bill, jokingly named “The Stable Genius Act,” which combines the names of the Bills in the Senate and the House of Representative.
The bill is Prevent The president, vice-president and members of Congress from the “release or endorsement of digital assets” and asks them to place any properties they hold in a blind trust while in the office.
As the bill has a little chance to pass – many acts that will limit members of Congress’s financial activities are emerging – it shows that Democrats are divided into how they should provide opposition.
Democratic activists plant democratic genius supporters
The progressive and activist wings of the democratic party have circled the Congress leadership for compromising Republicans with proposals that, they claim, should be deal breakers.
In March, activists when Senator Chuck Schumer, a Democrat from New York and minority leaders in the Senate, became angry with Republicans in an ongoing resolution for government funding. A progressive observer accused he or she is giving action and weakening of the democratic position.
Then, in April, disagreements about how Democrats should fight more Trump’s eviction deepened The rift.
Today, the crypto has become another wedge between the activist’s wing, providing important voter activation during the election, and cents to Congress.
Ezra Levin, co-founder and co-executive director of progressive activist organizations that cannot be divided, wrote to Bluesky:
Communication strategist Murshed Zaheed, who formally worked for the offices of Senator Harry Reid and representative Louise Slaughter, DUNIKOKOK People call their senators to come out against the bill.
“Any Democrat who voted for it today – should never be taken seriously if they send emails, texts and make videos (…) talking about a big game about Trump’s corruption,” he Says.
Related: What to expect at Trump’s memecoin dinner
Chris Kluwe, a former American football player who has since become a well -known activist within the Democratic politics, Says On May 20 he was “excited to get an opportunity to speak at the CA State Dem Convention on May 31, I’m sure (the bill) will not appear in the 4 minutes I provide.”
In Bluesky, Labor Researcher and Media Law Historian Peter Labuza Na -Post “Main List” in response to a post of 16 democratic senators who helped support the bill.
The topic of the main election, the intra-party election to decide who represents the party in a given district, has also grown.
On May 12, the Democratic National Convention (DNC) Vote To relieve the results of an internal party vote appointed David Hogg as a vice chair. The decision essentially stripped the Hogg of his title to the DNC and, with it, the ability to promote his controversial policy of sponsoring progressive challenges in democratic major elections.
Hogg plans to spend $ 20 million to support progressive and young candidates in the democratic party primaries as part of the “leader’s right” campaign – a group activist aimed at lifting younger leaders with a more integrated tone against Trump management.
With Stablecoin bills in the Chamber and Senate preparing to continue, Democrats seem to be inappropriate to mount an effective opposition to the bills. The internal struggles and interests within Congress have mistaken lawmakers, while activists want a new crop of congressmen to represent them in the next term.
In the inner battle of the democratic party between the anti-crypto progressive wings and the pro-crypto pragmatists, the latter has won, to this day.
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