Senator_Cynthia
1 views
2 Discussing
Hot
Latest
Challenges Persist for Stablecoin Legislation in U.S. #Senate
According to PANews, U.S. #Senator_Cynthia Lummis highlighted the difficulties faced in advancing the stablecoin legislation known as the GENIUS Act during the #Bitcoin2025 conference. She expressed surprise at the complexity of the process, stating, "This is incredibly difficult, and I had no idea it would be this challenging." The bill recently surpassed the procedural vote threshold with over 60 votes, moving into the final discussion phase before a decisive vote. However, it previously encountered opposition from bipartisan figures, including Democratic Senator Elizabeth Warren.
#Lummis noted that if passed, the bill, co-sponsored with New York Senator Kirsten Gillibrand, would mark the first successful legislation from the Senate Banking Committee in eight years. She also revealed ongoing behind-the-scenes coordination with the House of Representatives on the market structure bill, which gained legislative experience following the passage of the #FIT21 Act last year.
According to PANews, U.S. #Senator_Cynthia Lummis highlighted the difficulties faced in advancing the stablecoin legislation known as the GENIUS Act during the #Bitcoin2025 conference. She expressed surprise at the complexity of the process, stating, "This is incredibly difficult, and I had no idea it would be this challenging." The bill recently surpassed the procedural vote threshold with over 60 votes, moving into the final discussion phase before a decisive vote. However, it previously encountered opposition from bipartisan figures, including Democratic Senator Elizabeth Warren.
#Lummis noted that if passed, the bill, co-sponsored with New York Senator Kirsten Gillibrand, would mark the first successful legislation from the Senate Banking Committee in eight years. She also revealed ongoing behind-the-scenes coordination with the House of Representatives on the market structure bill, which gained legislative experience following the passage of the #FIT21 Act last year.
Login to explore more contents