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Despite recent failures, US legislation may be regulated by Stablecoin issuers heading for the debate and the passage Next week, according to supporters of the bill known as “leadership and introduction of national innovation for American stablecoins” (brilliant).
“Next week, the Senate will create history by debating and passing a geniial law that sets up the very first regulatory framework for growing stable stable,” said Senator Hagery, Republican Tennessee, who sponsored the bill to set US standards for Stablecoins, tokens like Circle’s like Circle’s. Circle’s, like Circle’s’s like Circle’s like Circle’s like Circle’s like Circle
and Tether, which are vital to crypto business activities.
The latest bill began to circulate this week and copies seen by coindesk showed that language was modified in a modest manner Help to satisfy democrats dealing with consumer protection and national security elements. In one place, the bill insisted that large public companies such as meta would not be approved as emitters of chips, although consumer advocates warned that private companies such as social media Elon Musk will be eligible.
Hagery paired his statement with one by Senator Kirsten Gillibrand, New York Democrat, who also pushed this legislation. Its sentiment carried what could be a shade of less confidence in results, and both legislators have enough reason to build a strong public face on the negotiations that they face headwinds.
“Stablecoins are already playing an important role in the global economy, and it is essential that the US enacted legal regulations that protect consumers while allowing responsible innovations,” Gillibrand said in a statement, claiming that “robust consumers’ were included in the latest version. “The creation of this bill was a real bipartisan effort and I am optimistic that we can go through it in the coming days.”
In the last two weeks, the Senate has experienced the considerable volatility of the bill, and recently did not fulfill the so -called Cloture vote that would move it forward to a formal debate. On Monday, it is aimed at the second vote, in which it needs 60 votes to include several democrats. The Senate would then have some time to continue discussion on language and maybe make changes before moving to the actual handover account.
The Democrats criticized its potential for abuse and for the involvement of stablecoins from corporate giants, but the greatest stink was raised around President Donald Trump’s own interest in crypto companies, including World Liberty Financial.
Read more: Stabblecoin Senate of the American Senate still alive as Bill can return to the floor: Sources
The previous versions of the bill easily proceeded from the Banking Committee of the Senate with the Bipartisan vote before some of the same democrats who approved it later, raised objections. In this meeting, however, the Senate has more crypto-friendly democrats than the last, when the Senate Bank Committee rejected any progress for crypto accounts.
The House of Representatives also works on its own version, which would have to be associated with the Senate before Trump can sign new standards in the law. The representative French hill, the Republican Chairman of the House Financial Services Committee, recognized at Consensus 2025 in Toronto that Trump’s cryptoptoping added friction to the lawmakers’ meetings.
Read more: Trump’s MEMECOIN, Crypto Stake makes legislation “more complicated”: rep. French Hill
