Stablecoin Legislation Gains Bipartisan Momentum in U.S. Senate

A renewed push for stablecoin regulation is underway, with lawmakers from both the Republican and Democratic parties aiming to revive legislation stalled due to controversy surrounding Donald Trump’s crypto ventures. Senator Bill Hagerty, a lead sponsor of the GENIUS Act, has indicated that bipartisan efforts are ongoing to revive the bill before Memorial Day recess. Hagerty expressed confidence in reaching agreement on the legislation with support from both sides.