Despite the recent setbacks, American legislation to regulate Stablecoin issuers could go to the debate and the passage next week, according to the donors of the bill known as “Creation and establishment of national innovation for the Stablescoins American” (Genius).
“Next week, the Senate will make history when we debate and adopt the Act on Engineering which will establish the very first pro-growth regulatory framework for the stables of payment,” said Senator Hagerty, a republican of Tennessee who sponsored the bill to establish American standards for stablecoins, which are generally tokens based on dollars such as the circle of dollars such as Circle’s’s’s’ Stablecoins, which are generally tokens based on dollars such as the circle circle
And the ties that are essential for the cryptographic trading activity.
The last bill has started to circulate this week, and a copy seen by Coindesk showed that the language had been adjusted in a modest way to help the democrats concerned by consumer protection and national security elements. In an addition, the bill insisted that large public companies such as Meta would not be approved as chip issuers, although consumer defenders have warned that private companies such as Elon Musk’s social media site would have eligible.
Hagerty associated his statement with a senator Kirsten Gillibrand, the New York Democrat who also pushed this legislation. His feeling bore what could have been a less confidence nuance for the result, and the two legislators have a much reason to put a strong public face on a negotiation which was confronted with winds.
“Stablecoins are already playing an important role in the global economy, and it is essential that the United States adopts legislation that protects consumers, while allowing responsible innovations,” Gillibrand said in the press release, arguing that “robust consumer protections” are included in the latest version. “The food of this bill was a real bipartite effort, and I am optimistic, we can spend it in the coming days.”
The Senate has experienced considerable volatility on the bill in the past two weeks, with its recent inability to erase a so-called voting by the camera which would have made it advance in an official debate. He heads for a second vote on Monday in which he needs 60 votes to move forward, which should include several Democrats. The Senate would then have a little time to continue to debate the language and possibly make changes before moving on to the adoption of the bill.
The Democrats had criticized its potential for abuse and for the participation in the stable on the part of the business giants, but the greatest stench was raised around the interest of President Donald Trump for cryptographic companies, in particular the stablecoin game of World Liberty Financial.
Read more: the push of the stablecoin of the American Senate is still alive because Bill can return to the ground: Sources
A previous version of the bill had easily died out of the senatorial banking committee with a bipartite vote before some of the same democrats who approved it after objections. But the Senate has more friendly democrats in this session than the previous one, when the Senate Banking Committee denied any progress for cryptographic bills.
The House of Representatives also works on its own version, which should be merged with the Senate before Trump can sign the new standards. Republic French Hill, republican president of the Chamber’s Financial Services Committee, recognized in Consensus 2025 in Toronto that Trump’s crypto participation added friction to the legislators’ negotiations.
Read more: Trump’s same, Crypto Pake makes legislative “more complicated”: rep. French Hill
