The U.S. Senate approves a bill on stablecoin regulation, a significant step on the path to crypto legislation and management of digital currency markets.

Looming over the U.S. clean energy industry are ascending costs to carry debt, protectionist policies and possible policy discontinuances, all of which threaten to curb the industry. The mounting economic pressures have been evident in the level of bankruptcy filed in the recent past by solar companies such as Sunnova Energy and Solar Mosaic LLC. A fresh GOP bill, named the One Big Beautiful Bill, aims to overturn the clean energy incentives established by the 2022 Inflation Reduction Act.

In the case of its passage, the bill would hasten the end of energy tax credits as well as place new restrictions on clean energy facilities with direct ties to China or other flagged facilities. According to BloombergNEF, this may reduce the increase in renewable energy capacity by 10 percent in the coming decade and affect investments in solar power, wind power and energy storage.

The bill is being criticized by clean energy advocates, who claim that it will jeopardize U.S. competitiveness at a time when countries such as India and Brazil are increasing their investments in renewables. Bloomberg predicts something close to 1 terawatt of clean power additions in the U.S. through 2035 only under the assumption that current incentives are not removed.

As clean energy reaches a dead end, the world faces a transformation toward climate resilience and could rely on the legislative record of Washington.