Stablecoin Bill in Jeopardy as Pro-Crypto Democrats Withdraw Support

By: crypto news flash|2025/05/05 17:30:01
0
Share
copy
Pro-crypto Democrats withdraw support for the GENIUS Act, putting U.S. stablecoin regulation at risk amid concerns over AML and national security.Regulatory uncertainty delays stablecoin legislation, impacting market sentiment as Bitcoin trades under pressure around $94.5K.A major U.S. stablecoin bill that was once considered a key step toward crypto regulation is now on shaky ground. In a surprising twist, several pro-crypto Senate Democrats who previously backed the legislation have withdrawn their support—putting the bill’s future in serious jeopardy.According to a previous coverage by Crypto News Flash (CNF), on the Framework Ventures critics of U.S. stablecoin regulations, it was explained that the GENIUS Act may restrict foreign stablecoin issuers, weakening dollar dominance and driving financial innovation outside the U.S.The legislation, formally called the GENIUS Act and introduced by Senator Bill Hagerty, aimed to create the first comprehensive U.S. regulatory framework for stablecoins. However, as referenced from a recent tweet, it explained why the Senate’s crypto bill is in turmoil:The path forward for landmark stablecoin legislation is in jeopardy after 9 key Dems said they wouldn’t support revisions that GOP lawmakers unveiled last week.Nonetheless, nine Democrats, including prominent names like Mark Warner, Andy Kim, and Ruben Gallego, said in a May 3 statement that the bill “still has numerous issues” and warned they would not back a procedural vote unless significant changes are made.The Sudden ChangeAccording to most media, the senators cited concerns around anti-money laundering safeguards, national security risks, and accountability for foreign or noncompliant stablecoin issuers.While some revisions were made to the bill after it passed the Senate Banking Committee in March, the lawmakers say those changes fell short.In addition, their about-face is particularly significant because many of them had supported the bill during earlier negotiations. This reversal highlights growing unease even among crypto-friendly Democrats, who now appear more cautious about moving forward without stricter protections.Bitcoin and Market ContextAccording to recent market reports, while the lawmakers have signaled they’re still willing to work together, any delay could push stablecoin regulation further down the legislative calendar—potentially into 2026.Reiterating a previous CNF report highlighting that a $1.25B stablecoin injection was known to have fueled the next BTC pump. However, the uncertainty is echoing in the broader crypto market.At the time of writing, Bitcoin (BTC) is trading at $94,594.49, down by 1.14% in the past 24 hours and 0.21% in the past week. See BTC price chart below.

You may also like

AI within artillery range

“The cloud” is a metaphor, but the data center isn’t.

March 4th Market Key Intelligence, How Much Did You Miss?

1. On-chain Flows: $39.6M USD inflow to Hyperliquid today; $29.7M USD outflow from Base 2. Largest Price Swings: $EDGE, $POWER 3. Top News: Altman defends Pentagon deal at all-hands, calls backlash "really painful"; OpenAI also seeking NATO contracts

Taking Stock of Crypto's Washington Power Players: Who is Advocating for US Crypto Regulation?

These institutions have jointly defined the industry's underlying values, marking the U.S. crypto industry's shift to a "professionalized, ecological, and refined" era of policy gamesmanship.

DDC Enterprise Limited Announces 2025 Unaudited Preliminary Financial Performance: Record Revenue Achieved, Bitcoin Treasury Grows to 2183 Coins

On March 4, 2026, DDC Enterprise Limited (NYSE American: DDC) today announced preliminary, unaudited full-year financial performance for the year ended December 31, 2025. The company expects to achieve record revenue and record positive adjusted EBITDA, primarily driven by continued growth in its core consumer food business and overall margin improvement. The final audited financial report is expected to be released in mid-April 2026.


2025 Full-Year Financial Highlights


Revenue: Expected to be between $39 million and $41 million, reaching a new company high.


Organic Growth: Excluding the impact of the company's strategic contraction of its U.S. operations, core revenue is expected to grow 11% to 17% year over year.


Gross Profit Margin: Expected to be between 28% and 30%, reflecting continued operational efficiency improvements.


Adjusted EBITDA: The company expects to achieve a positive full-year result in 2025, a significant improvement from a $3.5 million loss in 2024, mainly due to rigorous cost controls and a higher-margin sales mix.


Core Consumer Food Business Performance


In 2025, DDC's core consumer food business maintained strong operational performance.


The company also disclosed Core Consumer Food Business Adjusted EBITDA, a metric that further excludes costs related to its Bitcoin reserve strategy and non-cash fair value adjustments related to its Bitcoin holdings from adjusted EBITDA to more accurately reflect the core business performance.


In 2025, Core Consumer Food Business Adjusted EBITDA is expected to be between $5.5 million and $6 million.


Bitcoin Reserve Update


In the first half of 2025, DDC initiated a long-term Bitcoin accumulation strategy, holding Bitcoin as its primary reserve asset.


As of December 31, 2025: The company holds 1,183 BTC.


As of February 28, 2026: Holdings increased to 2,118 BTC


Today's additional purchase of 65 BTC brings the company's total holdings to 2,183 BTC


DDC Founder, Chairman, and CEO Norma Chu stated, "We are proud to have closed 2025 with record revenue and positive adjusted EBITDA, demonstrating the steady growth of the company's consumer food business and the ongoing improvement in profitability. We are building a disciplined, growth-oriented food platform and strategically allocating capital to Bitcoin assets with a long-term view, aligning with our core beliefs. We believe that this dual-track model of 'Steady Consumer Business + Strategic Bitcoin Reserve' will help DDC create lasting long-term value for shareholders."


Adjusted EBITDA Definition
For the full year 2025, the company defines "Adjusted EBITDA" (a non-GAAP financial measure) as: Net income / (loss) excluding the following items:· Interest expense· Taxes· Foreign exchange gains/losses· Long-lived asset impairment· Depreciation and amortization· Non-cash fair value changes related to financial instruments (including Bitcoin holdings)· Stock-based compensation


About DDC Enterprise Limited


DDC Enterprise Limited (NYSE: DDC) is actively implementing its corporate Bitcoin Treasury strategy while continuing to strengthen its position as a leading global Asian food platform.


The company has established Bitcoin as a core reserve asset and is executing a prudent, long-oriented accumulation strategy. While expanding its portfolio of food brands, DDC is gradually becoming one of the public company pioneers in integrating Bitcoin into its corporate financial architecture.


Uncovering YZi Labs 229 Investment: Over 18% of the portfolio is already inactive, with an average project transparency score of 78

In terms of strategic direction, YZi Labs has begun to extend into areas such as AI and stablecoins, but overall it is still in the layout and validation stage.

The business of crypto VC is becoming promising

Homogenized industries are ultimately fragile; only when different species can emerge does the market truly come alive.