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Congress revisits stablecoin bill – Will it pass by the end of May?

  • Bipartisan push for a final vote on the Senate stablecoin bill, GENIUS Act, before Memorial Day recess.
  • Coinbase founder, Brian Armstrong, hopeful for a vote as early as May 15th, emphasizing the need for regulatory clarity for 52 million crypto users.
  • Democrats show resistance in the previous vote but reported progress and potential consensus on advancing the bill.
  • Senate leadership discussing procedural path for bill, aiming for a final vote before Memorial Day recess; Majority Leader Thune noncommittal on achieving the vote before May 26.

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