US Senators Working To Revive Failed Stablecoin Bill With Bipartisan Push – Report

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Bitcoinist 1d ago

US Senators Working To Revive Failed Stablecoin Bill With Bipartisan Push – Report - Bitcoinist

Quick Summary:

Nearly a week after failing to pass a vote in the US Senate, the crypto industry-backed stablecoin legislation is reportedly getting a bipartisan push to be revived in the upcoming days.

Meanwhile, two Republican senators, Senator Josh Hawley and Senator Rand Paul, voted against advancing the bill alongside Democrats.

Amid the bipartisan support, the bill went through various amendments to address Democratic senators’ concerns, including stricter requirements for stablecoin issuers and Anti-Money Laundering (AML) provisions.