Senate Republicans Making Plea to Get on With Stablecoin Debate

Quick Summary:

Once-allied Democrats continue to drag their heels on the first big crypto bill, leaving a key vote in doubt as GOP Majority Leader Thune calls for action.

"The GENIUS Act is by no means the last word on digital assets," the South Dakota lawmaker said, but he characterized it as a "first step toward bringing digital assets into our financial system".

Alongside Gallego, several of the Democrats who voted for the bill in committee have said they would oppose the cloture vote.

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Article Details

Author / Journalist: Jesse Hamilton

Category: Crypto

Markets: United StatesCubaIraq

Topics: U.S. Senate Crypto legislation News Policy Stablecoins Regulation

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-08 @ 15:08:31 (16 hours ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 493 words

Reading Time: 3 minutes read

Sentences: 35 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 28496333

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