The CEO of Digital Chamber, Cody Carbone, remains optimistic about the passing of key stablecoin legislation in the US Senate. Carbone emphasized the importance of comprehensive stablecoin regulations to uphold the US dollar's dominance in global markets. The GENIUS Act, a crucial piece of legislation, faces challenges but is expected to pass soon. Recent setbacks, including Democratic lawmakers withdrawing support due to concerns over President Trump's involvement in crypto, have complicated the process. However, efforts to address these concerns and remove references to the Trump family are underway. Despite partisan politics, industry executives believe the bill could pass by the end of May. The stablecoin fight reflects a shift in the crypto industry's relationship with traditional banking institutions. Subscribe to Cointelegraph for more insights on this evolving landscape. Read more AI-generated news on: https://app.chaingpt.org/news