#USStablecoinBill
In mid-March the US Senate’s Bill to regulate stablecoins, the Genius Act, was passed by the Senate Banking Committee with an 18 to 6 vote, with at least five Democrats supporting the Bill. Last week Republicans announced that Senate Majority Leader John Thune would propose a vote on the Bill to the full Senate, possibly this week. However, over the weekend a group of nine pro-crypto Democrats have said they could not support the Bill in its current form, Politico first reported.
There’s an updated version of the Bill that hasn’t yet been published, and the Democrats are not happy with it. Four of the five Democrats that voted for the Bill at the committee level signed this weekend’s letter.
