BlockBeats reported on May 19 that, according to U.S. financial media Semafor, a source said that after a previous attempt failed, U.S. senators are expected to vote again tonight to advance legislation for stablecoin regulation.
Another informed source said that Senate Minority Leader Schumer held a conference call with all party members on Sunday to discuss the yet-to-be-released text, which includes reforms sought by the Democrats. However, these adjustments are still not enough to win the support of progressive figures like Massachusetts Democratic Senator Elizabeth Warren. He issued a memo stating that the latest version of the ban does not address the relevant digital assets, 'fueling Trump's cryptocurrency corruption.'
A third informed source said that negotiations regarding potential additional amendments are underway, with banks privately expressing their concerns, including whether the issuer is capable of paying interest.