WASHINGTON (AP) — Senate Democrats have blocked legislation to regulate stablecoins, a form of cryptocurrency, after arguing that the bill needed stronger protections and airing concerns that it could help President Donald Trump enrich himself.

What recently appeared as a rare opportunity for bipartisan agreement on cryptocurrency regulation has hit a significant roadblock, directly attributable to President Donald Trump's expanding personal and business entanglements within the digital asset space.

Elizabeth Warren slammed Trump's crypto dealings and said a bipartisan stablecoin bill moving through Congress needs "substantive reforms."