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flag Senate Democrats block stablecoin regulation bill over concerns it benefits former President Trump.

flag Senate Democrats have blocked a bill aimed at regulating stablecoins, a form of cryptocurrency, over concerns it could benefit former President Donald Trump. flag The legislation, which would set federal guidelines for stablecoin issuers, failed in a 49-48 procedural vote after Democrats demanded stronger protections and changes. flag This setback affects the cryptocurrency industry's push for more political and financial influence.

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