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Senate's New Stablecoin Draft Doesn't Target Trump's Crypto, Tweaks Big-Tech Approach

A legislative draft obtained by CoinDesk shows a marginally revised version despite Democrats citing "major victories" in the Senate negotiation.

By Jesse Hamilton|Edited by Nikhilesh De

Updated May 16, 2025, 1:46 p.m. Published May 15, 2025, 6:52 p.m.

U.S. Capitol Building (Jesse Hamilton/CoinDesk) — The Senate's latest draft of the stablecoin bill is a modest revision that's not making consumer-advocates happy. (Jesse Hamilton/CoinDesk)