Crypto Week Day 4: US lawmakers remain divided on key bills

Key Points

1. Republicans and Democrats are debating the GENIUS stablecoin bill, the Anti-CBDC Surveillance State Act, and other crypto regulatory bills.

2. Political disagreements have slowed progress on comprehensive digital asset regulation, with conflicts over consumer protections and anti-money laundering provisions.

3. Democratic lawmakers, including Representative Maxine Waters, argue that the proposed crypto bills fail to address conflicts of interest.

4. Stablecoin reserves, including cash and short-term Treasury securities, were a point of contention, with concerns about risks to US taxpayers.

5. National security and financial stability were also discussed, alongside criticisms of the Trump family's involvement in crypto.