Senate Nears Deal on Stablecoin Bill as Lawmakers Race Against the Clock

BTCC / BTCC Square / Global Cryptocurrency /

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2025-05-07 23:15:02

Key pro-crypto Democrats, including Ruben Gallego and Mark Warner, are reconsidering their support for stablecoin legislation following a critical meeting on Wednesday. The lawmakers had initially withdrawn their backing over the weekend, but negotiations have since intensified.

Senate staffers are now scrambling to redraft the bill ahead of a potential procedural vote on Thursday. The revised version aims to address concerns from all parties, though significant hurdles remain. The outcome could shape the regulatory future of stablecoins—a cornerstone of crypto markets.

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