#USStablecoinBill While we are eager to continue working with our colleagues to address these issues, we would be unable to vote for cloture should the current version of the bill come to the floor.”

Cloture refers to agreeing to avoid endless debate on the Bill, and requires 60 votes, whereas the Republicans have only 53 Senate members, so they need Democrat support.

The five Democrats that voted for the Bill in committee were Senators Alsobrooks, Gallego, Kim, Rochester and Warner. Only Alsobrooks didn’t sign the letter. She is a co-sponsor of the Bill alongside fellow Democrat Kirsten Gillibrand, who is not on the Banking Committee.