Senate Approaching Vote on Trump-Backed Stablecoin Bill

The Senate is set to vote on legislation backed by both the cryptocurrency industry and former President Donald Trump, aiming to establish rules for dollar-pegged stablecoins. Senator John Thune’s scheduling of this procedural vote on Wednesday sets the stage for swift passage in the coming days. This comes after modifications last month garnered support from crypto-friendly Democrats like Senators Angela Alsobrooks and Mark Warner, securing bipartisan backing.