US EditionLummis Believes Senators Have Reached Deal on Stablecoin Bill, Expects Votes Next Week
- Senator Cynthia Lummis said lawmakers have nearly finalized revised stablecoin legislation, expecting Senate votes next week on the GENIUS Act.
- The legislative delay followed Democrat objections tied to President Trump's crypto interests, causing a last-week procedural impasse in the Senate.
- The GENIUS Act aims to create a federal regulatory framework for US dollar-pegged cryptocurrencies, including stablecoins like Tether's USDT and Circle's USDC.
- Senator Gillibrand affirmed the bill contains strong ethics and consumer protections but excludes provisions targeting Trump's crypto profits, while Lummis stressed the need to focus on regulation.
- If passed, the legislation could legitimize stablecoins, integrating them into mainstream finance and supporting the dollar's global role, though political risks remain significant.
33 Articles
33 Articles
Crypto Bill Poised for Resurrection After Democrats Hail Changes
Crypto-friendly Senate Democrats moved closer to reviving stablecoin legislation sought by the industry after bipartisan negotiators agreed to assorted revisions, including tightened restrictions on money laundering, foreign issuers and technology companies.
Lummis believes senators have reached deal on stablecoin bill, expects votes next week
Sen. Cynthia Lummis (R-Wyo.) said Thursday she believes senators have reached an agreement on “final language” for Senate stablecoin legislation and expects the bill to head to the floor next week. “It has been an all-week marathon and sprint at the same time, but I believe we’ve got final, final language,” Lummis told The Hill.…
U.S. Senate's Stablecoin Push Still Alive as Bill May Return to Floor: Sources
After a suddenly rocky road for the U.S. legislative effort to regulate stablecoin issuers, the Senate is poised to move forward again with newly polished language in the bill that may see some procedural movement as soon as Thursday.The Senate's stablecoin push veered off course a week ago when Democrats objected, primarily to President Donald Trump's personal crypto business interests, but the lawmakers continued negotiations and are said to b…
Senators predict passage of bipartisan crypto bill — without language targeting Trump
The ScoopKey architects of a Senate bill that would create rules for stablecoins, a type of cryptocurrency pegged to other assets like the US dollar, told Semafor Wednesday that they expected revised legislation to pass by the end of next week — without language aimed at the Trump family’s crypto profits.A push to advance the legislation last week imploded after crypto-friendly lawmakers were unable to finalize Democrat-sought revisions in time.…
US Senators Make Potential Progress on Stablecoin Bill Amid Partisan Negotiations: Report - The Daily Hodl
A proposed law to establish a US regulatory framework for stablecoins may soon head back to the floor after Senate negotiators reportedly resolved some disagreements on the provisions of the bill. The Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act hit a roadblock earlier this month after a group of Democrats objected to the bill, citing that the version to be voted on still has numerous issues that need to be addres…
Coverage Details
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
