According to ChainCatcher, an informed source revealed that U.S. senators are expected to vote again tonight to advance stablecoin legislation. Previous attempts have been unsuccessful.
Another informed source stated that Senate Minority Leader Schumer held a conference call to discuss unpublished text. The Democrats are seeking reforms but have not received support from progressives. Warren stated that the ban does not target digital assets and fuels Trump’s cryptocurrency corruption.
A third informed source said that negotiations regarding the additional amendment are ongoing, with the banks privately expressing concerns, including issues related to the issuer's ability to pay interest.