Stablecoin Bill Clears Senate Hurdle—Final Vote Looms
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Wall Street’s favorite crypto proxy just got a regulatory greenlight. The Senate voted to advance the long-debated stablecoin bill, teeing it up for final passage—and handing the industry its biggest win since the ETF approvals.
Behind the scenes: Lobbyists popped champagne while pretending this was about ’consumer protection.’ The bill creates federal oversight for dollar-pegged tokens, effectively blessing Tether’s entire business model—assuming they can find the reserves.
What’s next? House vote expected within 48 hours. If passed, exchanges can finally stop pretending they don’t love stablecoins’ 24/7 liquidity (and the fat trading fees that come with it).
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