Summary: The article describes the failure of a stablecoin bill in the US Senate. The bill, which aimed to create a regulatory framework for stablecoins, fell short of the 60 votes needed to advance. The failure of the bill is a blow to the crypto industry, which had pushed for legislation creating new rules for digital assets.

Link: https://www.channelnewsasia.com/business/stablecoin-bill-fails-clear-key-hurdle-us-senate-5118411