this post was submitted on 20 May 2025
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Senate Dems Hand Trump a Win by Backing Stablecoin Bill (theintercept.com)
submitted 2 weeks ago* (last edited 2 weeks ago) by geneva_convenience@lemmy.ml to c/progressivepolitics@lemmy.world
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As President Donald Trump prepares to welcome the top investors in his meme coin to a private dinner, centrist Senate Democrats gave a different kind of gift to the crypto industry on Monday.

Two weeks after helping tank an earlier vote on the so-called stablecoin bill, a group of 16 Democrats voted with nearly every Republican to push the bill past a filibuster threat.

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[โ€“] geneva_convenience@lemmy.ml 21 points 2 weeks ago (1 children)

They had a huge opportunity to block the funding bill but capitulated to Trump without demanding anything.

[โ€“] bishoponarope@lemmy.world 8 points 2 weeks ago

Americans suffering and "learning their lesson", not to vote republican next time, as vile a sentiment as it is, is the only reason I can suggest, other than personal financial gain, for democrats lack of action. Greed and spite and manipulation.