The Democrats of the American Senate are in the process of making a flak after helping to advance the legislation to the stable for the discussion on the soil of the Senate.
On May 19, 16 Democratic senators broke out from the party line to adopt a motion to invoke Cloture, which will now put the bill for debate on the prosecution of the Senate. Some of the same Democrats had retained the bill in early May when they withdrew support, citing corruption problems concerning the cryptocurrency transactions of President Donald Trump.
Opponents of the bill welcomed the refusal of the legislators to support him, but were quickly surprised when the senators reversed their position. The slightly modified legislation did not contain any provision concerning World Liberty Financial, the cryptographic company of the Trump family.
Some activists have said that Democrats supporting the bill should be ousted in the next democratic primaries in 2026, reflecting an increasing flaw of the Democratic Party on cryptocurrencies.
The approach of democratic legislators at the crypto shows the party division
On May 19, moderate Democratic Senator Mark Warner announced that he would support the bill, declaring that it was “not perfect, but it is much better than the status quo”.
Warner has put aside corruption problems, declaring: “Many senators, including me, have very real concerns concerning the use by the Trump family of cryptographic technologies to escape surveillance […] But we cannot allow this corruption to blind us to the wider reality: blockchain technology is there to stay. »»
Warner concluded that it would be better for the United States to move forward on the imperfect legislation of stables than to be delayed on other jurisdictions.
Democratic senator Kirsten Gillibrand, one of the sponsors of the bill, also put aside Trump’s corruption problems, saying that they should be treated separately.
In relation: The US Senate is going forward with the draft law on the stable of genius
“A large part of what President Trump is committed is already illegal,” she said, adding that she did not want the president’s scandals “distracting the important objective of having a clear regulatory structure in the United States which can on the ground this industry”.
During the vote, the progressive democrats did not agree. Senator Elizabeth Warren, the best democrat of the Senate banking committee and vocal criticism of the cryptography industry, would have participated in a stormy argument with Gillibrand on the Senate soil.
https://www.youtube.com/watch?v=szo7bn3kdym
Warren has argued on the Senate soil before the vote, “a bill that turalizes the Stablescoin market, while facilitating the president’s corruption and undergoing national security, financial stability and consumer protection is worse than not at all the bill.”
Democrats opposing the bill do not give up either. Senator Michael Bennet of Colorado, who voted against the law on genius, immediately presented another bill, jokingly “The stable genius act”, combining the names of bills in the Senate and in the House of Representatives.
The bill would prevent the president, the vice-president and the members of the congress from “delivering or approving digital assets” and would force them to place the assets they hold in a blind trust during their mandate.
Although the bill is unlikely to adopt – many acts that would limit the members of the financial activities of the Congress have collapsed – this shows that the Democrats are divided on the way in which they should provide opposition.
Democratic activists castor supporters of democratic engineering
The progressive and activist wings of the Democratic Party have succeeded in criticizing the leaders of the Congress for having compromised with the Republicans on measures which, according to them, should be ruptures.
In March, activists were furious when Senator Chuck Schumer, a Democrat in New York and the head of the minority in the Senate, voted with the Republicans on a continuous resolution for the funding of the government. A progressive observer accused him of having abandoned the lever effect and weakening the democratic position.
Then, in April, the disagreements on how Democrats should fight Trump’s mass deportations have further deepened the Rift.
Now Crypto has become another corner between the activist wing, which provides crucial activation of voters during elections and centrists in the congress.
Ezra Levin, co-founder and co-director of the progressive organization of the progressive activist organization, wrote on Bluesky:
The Murshed Zaheed communications strategist, who officially worked for the offices of Senator Harry Reid and the representative Louise Slaughter, urged people to call their senators to present themselves against the bill.
“Any democrat who votes for that today – should never be taken seriously again if he sends emails, sms and videos […] Talking a big game about Trump’s corruption, “he said.
In relation: What to expect at Trump’s same dinner
Chris Kluwe, a former American football player who has since become an eminent activist in democratic politics, said that on May 20, he was “delighted to have the chance to speak to the CA DEM Convention on May 31, I am sure that [the bill] will not come back at all within 4 minutes assigned to me. »»
On Bluesky, a researcher at work and the media historian, Peter Labuza, published the “primary list” in response to a position of the 16 Democratic senators who helped support the bill.
The subject of primary elections, the intra-party elections to decide that will represent the party in a given district, has also become controversial.
On May 12, the National Democratic Convention (DNC) voted to cancel the results of an internal vote which appointed David Hogg as vice-president. The decision essentially strips Hogg of its title to the DNC and, with it, the ability to promote its controversial policy to sponsor progressive challenges during the democratic primary elections.
HOGG had planned to spend $ 20 million to support progressive and young candidates in the primaries of the Democratic Party as part of the “Leaders we deserve” campaign – an activist group which aims to raise younger leaders with a more combative tone against the Trump administration.
With Stablecoin’s bills in the Chamber and the Senate to move forward, the Democrats seem poorly adapted to an effective opposition to bills. The difficulties and internal interests within the congress have disunited legislators, while activists want a new congress harvest to represent them the next quarter.
In the internal battle of the Democratic Party between the Progressive Anti-Crypto wing and Pro-Crypto pragmatists, the latter has won so far.
Review: The father-son team lists XRP health care in Africa on the Canadian Stock Exchange
