šØUS Bipartisan
#Stablecoin Bill Gains Momentum in Senate.
š¹Senators from both
#parties are reviving a crypto-friendly stablecoin bill
š¹Bill sponsor Sen. Bill Hagerty
#hopes for passage before May 26 recess
š¹Progressive Democrats demanded bans on Trump profiting from cryptoārejected by Republicans
š¹Democrats' support is key due to Senateās 60-vote threshold
š¹Coinbase and industry leaders are lobbying to break the impasse
š¹Bill stalled earlier due to lack of public text and political clashes
A fast-track vote may occur this month, with significant implications for stablecoin regulation and industry legitimacy in the U.S.
-Bloomberg
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