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Stablecoins bill faces hurdle after Democrats withdraw support

that would facilitate issuance of stablecoins — digital currencies pegged to a reserve asset, in this case, the U.S. dollar — said over the weekend they wouldn’t vote for a revised bill released on May 1.

Photos of the week | April 25-May 1, 2025

Rep. Troy Nehls, R-Texas, grabs one last puff of his cigar as he prepares the enter the Capitol for the last votes of the week on Thursday. (Tom Williams/CQ Roll Call)