The U.S. Senate has taken a significant step forward in advancing long-debated stablecoin legislation, clearing a critical procedural hurdle ahead of a final vote.
During a session on Monday night, the Senate easily surpassed the 60-vote threshold needed to move the bill forward, paving the way for more comprehensive debate. A similar proposal is also under discussion in the House of Representatives, with the goal of establishing a clear legal and regulatory framework for stablecoin issuers in the U.S.
Previously, the bill failed to gain sufficient support in a May 8 vote due to concerns over consumer protection and national security. However, recent revisions to the bill have addressed some of those concerns, leading key Democratic senators such as Ruben Gallego and Mark Warner to announce their support. If passed, the bill could mark a major turning point for stablecoin regulation in the U.S., providing much-needed clarity for the growing sector
