Banks Push to Block Key US Crypto Bill

Banks are ramping up pressure to kill what could be the most critical crypto bill in US history, just as the Senate vote hits in four days. A bipartisan deal on stablecoin yield landed on May 1 after grueling negotiations, prompting the Senate Banking Committee to fast-track a markup session. This pushback echoes last year's failed attempts to stifle crypto regulation amid surging Bitcoin adoption, potentially slamming crypto market impact if the bill falters. Insiders warn that derailing this could freeze stablecoin regulation progress, leaving BTC and broader assets in limbo as US Senate crypto bill debates heat up.