Stablecoin Bill Advances With GOP-Backed Changes; Senate Aimed for May Vote

The US Senate is poised to vote on a key bipartisan stablecoin bill as early as next week. The legislation, the Guiding and Establishing National Innovation for US Stablecoins Act (GENIUS Act), removes language targeting President Donald Trump and his crypto interests. Republican Senator Cynthia Lummis, who supports the bill’s passage, aims for a May 26th vote — Memorial Day in the US — following Democratic concerns about the bill failing to address Trump’s various cryptocurrency ventures.