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U.S. Senate's Stablecoin Push Still Alive as Bill May Return to Floor: Sources

The legislation to regulate stablecoin issuers hit a big bump a week ago, but negotiations continued and the latest version may move again.

By Nikhilesh De, Jesse Hamilton|Edited by Stephen Alpher

Updated May 15, 2025, 6:12 p.m. Published May 15, 2025, 3:41 p.m.

U.S. Senators Kirsten Gillibrand (D-N.Y.) and Cynthia Lummis (R-Wyo.) (Shutterstock/CoinDesk) — U.S. Senators Kirsten Gillibrand and Cynthia Lummis both expressed hope this week that the stablecoin legislation is about to get back on track. (Shutterstock/CoinDesk)