May 2, 2025
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US Senate Moves Town Action on Stablecoin Bill

US Senate Majority Leader John Thun Has Started the Process Town A vote on the legislation to establish rules for stablecoin Issuers.”, – WRITE: www.coindesk.com

US Senate Majority Leader John Thun Has Started the Process Town A vote on the legislation to establish rules for stablecoin Issuers. May 1, 2025, 11:32 pm

The US Senate May Soon on Legislation That Wuld Establish Us Regulations for the Issuers of Stablecoins, Also Marking The FIRST TIME The CHAMBER HAS CONSIDERED A MAJOR CRYPTO BILL.

Senate Majority Leader John Thune, A South Dakota Republican, Started The Ball Rolling to Fast-Track The Guinging and Establishing National Innovation for Us Stables (Genius) Ac. Similar Bills Rolling Through Both Chambers of Congress. The House of Representatives is Expectioned to Follow Closely Begind on It Own Voting. Thun’s Move to Expedite The Bill Is Meant To Limit Delays and Floor Action in Order to Get It Done More Quickly. I so far unclear precisely when the Senate vote will happen, but an earlier vote on the Effort in the Senate Banking Committee Had Approved It Wide Bipartisan Majory of 18-6. The House Financial Services Committee Also Advanced It Similar Bill in April.

“I Look Forward to passing the genius act in short order to keep digital asset innovation in America, Protect Customers, and Make Sureign Foreign Companies Areersing. Republican Who Authored the Bill, in A Statement. It’s Also Backed by Senator Tim Scott, The Chairman of the Senate Banking Committe.

President Donald Trump’s Self-Descripted Crypto Sherpa, Bo Hines, The Executive Director of the Presidential Council of Advisers for Digital Assets 90% SIMILAR AND THAT MEMBERS OF BOTH CHAMBERS ARE SEEKING TO WORK OUT The DIFFERENCES.

Hagerty Said Hew Introduce and Updated Version of the Bill Earlier Thursday.

Jesse Hamilton

Jesse Hamilton is Coindesk’s DEPUTY Managing Editor On the Global Policy and Regulation Team, Based in Washington, DC Before Joinga Coindesk in 2022, He Worked For More Thon. News and Businessweek, Writing About the Early Whisperings Among Federal Agencies Trying to Decide What to Do About Crypto. He’s Won Several National Honors in His Reporting Career, Including from His Time As A War Correspondent in Iraq and As A Police Reporter for Newspapers. Jesse is a graduate of Western Washington University, WHERE HE STUDIED Journalism and History. He have no crypto holdings.

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