White House pushes landmark crypto bill amid bank pushback and GOP hesitation

The White House is pressing a landmark cryptocurrency bill through the Senate, rolling out an interactive tool to counter banking worries and arguing that stablecoins do not drive bank deposit flight. GOP lawmakers signal opposition or skepticism, and several Democrats urge stricter ethics provisions, leaving the bill’s fate uncertain in a Senate that requires 60 votes. The crypto industry is poised to spend heavily as campaigns approach, while undecided senators weigh the latest draft and its political implications.