Main Senate Democrat supports stablecoin legislation
Senator Supports Stablecoin Regulatory Framework On Monday, a Senator from Virginia pushed for the establishment of a stable regulatory framework for payments as Senate leaders prepare to revisit the bill. This comes just ahead of a procedural vote scheduled for Monday evening on the Genius Act, which has garnered support from several Democratic leaders. “The […]
Lummis thinks senators have agreed on a stablecoin bill and anticipates voting next week.
Senator Cynthia Lumith (R-Wyo.) announced on Thursday that she believes an agreement on the “final language” of the stable law in the Senate has been reached, with hopes of bringing the bill to the floor next week. “It was quite a marathon this week, but I think we have the final wording,” she told Hill. […]
Tether on Solid Ground? Yes, With This New Stablecoin Bill from the Republican-Led Senate
It seems this version was first uncovered here, which might pose challenges for the Defi Facilitator. Posted on May 9, 2025, at 6:18 PM. For nearly ten years, Tether, the largest stablecoin issuer globally, has been operating in a largely unregulated space, facing scrutiny over incomplete reserves and various rumors. Now, it appears Senate Republicans […]
Crypto sector disregards unsuccessful stablecoin voting results
The crypto sector is not viewing a failed vote on a stability committee bill in the Senate as the end. They remain optimistic about recent progress in the legislative landscape. On Thursday, Democrats halted the Senate’s movement on the proposed legislation. The bill received a vote of 48-49, falling short of the 60 votes required […]
Senate Rejects Stablecoin Bill Amid Trump Memecoin Debate
Stablecoin Bill Blocked in US Senate A bill aimed at regulating stablecoins faced a significant setback in the US Senate on Thursday. Reports suggest political disagreements and controversies surrounding President Donald Trump’s involvement in the cryptocurrency space contributed to this development. The proposed legislation garnered only 48 votes, falling short of the 60 needed to […]
Democrats halt stablecoin legislation due to worries about Trump’s cryptocurrency activities.
Senate Democrats Block Stablecoin Regulations Senate Democrats halted efforts to regulate stablecoins, a type of cryptocurrency, citing the need for stronger protections and a desire to discuss concerns related to the implications for the president. Legislation that previously garnered Democratic support failed in a procedural vote of 49-48, as Democrats insisted on further changes before […]
Stablecoin Legislation Faces Major Setback as GENIUS Act Falls Short in Important Senate Vote
Senate Genius Act Fails Key Vote The Senate’s Genius Act did not secure the necessary votes during a crucial procedural step on Thursday. This comes as a bit of a shock, casting doubt on the future of the Stubcoin bill, which could complicate matters for other cryptocurrency legislation currently under consideration in Washington. Some Democrats, […]
Senate unable to move forward with stablecoin legislation due to political impasse
A bill aimed at establishing a payment framework did not clear significant obstacles in the Senate on Thursday, following several Democrats’ decisions to oppose its progression. The Senate voted 48-49 on whether to end the debate regarding the motion to advance the Genius Act. Democrats who had previously backed the Genius Act withdrew their support […]
Senate Approaches Agreement on Stablecoin Legislation as Lawmakers Hurry to Finalize It
Simply put Key Democrats involved in custody may return after Wednesday’s discussions to back the Stablecoin law. Initially, Democrats such as Reuben Gallego and Mark Warner withdrew their backing for the bill on Saturday. Now, Senate leaders are racing to revise the bill to satisfy everyone ahead of a potential procedural vote on Thursday. After […]
Trump’s cryptocurrency projects overshadow Senate stablecoin vote
Recent cryptocurrency ventures by President Trump are overshadowing critical efforts to pass related legislation, with the Senate gearing up for a vote on the Stubcoin bill this Thursday. Senate leaders are set to advance what some are calling a genius law. However, crypto-friendly Democrats are threatening to oppose it, accusing Republicans of cutting off negotiations […]