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BTCC / BTCC Square / Global Cryptocurrency /
Senate Stablecoin Bill Nears Vote Amid Partisan Dispute Over Trump Crypto Ties

Senate Stablecoin Bill Nears Vote Amid Partisan Dispute Over Trump Crypto Ties

Author:
Global Cryptocurrency
Published:
2025-05-15 18:52:02
19
1

The U.S. Senate is preparing to revive stalled stablecoin legislation, with updated language expected as early as Thursday. The GENIUS Act, which seeks to create a federal framework for stablecoin issuers, previously cleared the Senate Banking Committee with bipartisan backing but faltered last week amid Democratic opposition.

Two Republican defections nearly doomed the bill before Majority Leader John Thune reversed his procedural vote to keep it alive. Democrats’ resistance stems partly from former President Donald Trump’s controversial connections to stablecoin projects—a sticking point that has injected partisan tension into what was initially cooperative policymaking.

|Square

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