Crypto Execs Rally in DC to Support Stablecoin Bill

A wave of crypto founders are making their way to Washington D.C., meeting with lawmakers to advocate for a stablecoin bill facing potential votes in both the Senate and House. Coinbase CEO Brian Armstrong revealed that as many as 60 crypto leaders have assembled to support the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, which has been under consideration for passage in the Senate. The bill’s failure to gain enough Democratic support on May 8th is prompting a renewed push from crypto industry executives who hope for a future vote soon.