Thursday morning, the head of the Republican majority of the Senate, John Thune, went to the ground of the room to plead to go ahead with the legislation on the stables – marking his first important foray into the theme of the crypto as the Republicans become frustrated to keep what was formerly a bipartite effort on the track.
“Stablecoins should be manufactured in the United States, but we cannot lead in innovation if there is no clarity for innovators,” said Thune in his speech on the Senate soil, issued in the breakdown of an afternoon vote intended to advance the debate on the guide and the establishment of national innovation for the United States Stabolins (Genis) which would establish an American diet Salted.
“Americans already use stablecoins and will continue to use them with or without legislation,” said Thune, saying that the bill will establish guarantees against money laundering and national security threats, in addition to protecting consumers with reserve requirements.
“The law on engineering is in no way the last word on digital assets,” said the Southern Dakota legislator, but he characterized it as a “first step towards the introduction of digital assets in our financial system”.
Although many Democrats have expressed support prior to legislation and helped withdraw it from the senatorial banking committee with a vote of 18 to 6 years, they set up objections to strong opinion, by focusing on the personal cryptographic interests of President Donald Trump and the potential conflicts posed by these commercial links. Senator Ruben Gallego was at the forefront of this reaction, despite his close ties to the industry, which supported his Senate campaign in 2024 with $ 10 million in advertising paid by a subsidiary of the Fairshake political action committee supported by crypto.
The Senate is steam towards a vote of the so-called vote at 1:45 p.m., which will open a debate in the legislation-a back and forth which could itself occupy days of floor. But this next step would need several Democrats to pass the margin of 60 votes required. Alongside Gallego, several of the Democrats who voted for the bill in a committee said they would oppose the vote by the bell.
Thune argued that Democrats should allow the bill to go to this stage so that the changes they wish can be chopped in the open air.
The legislators and staff members of the Senate worked overnight in the early hours of Thursday, arousing new concerns of democratic members, leaving a doubt expressing the success of the vote on what is now the sixth version of this bill on the stables.
The House of Representatives worked on a similar bill which was possibly merged with it before being able to become law, but the Senate has long been the bottleneck to advance Crypto bills, and it promises to be the most difficult place to eliminate the efforts of the industry.
“We have the opportunity to advance the ball today,” said Thune. “I encourage my colleagues to take it.”
Read more: DEMS Stablecoin Bill to take down, endangering the greater cryptography regulatory bill
