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Coin Telegraph

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Image Credit: Coin Telegraph

Crypto lobby pushes Senate to pass stablecoin bill without debate

  • Crypto lobbying groups are urging the US Senate to pass the stablecoin-regulating GENIUS Act without debate.
  • The bill has enough votes to pass to the House after a procedural vote on May 19.
  • However, a possible roadblock looms due to an unrelated amendment about credit card fees attached to the bill.
  • Other suggested amendments include new disclosure requirements, guardrails against Trump family crypto ties, etc., which may delay the final passage of the bill.

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