State of Crypto: Mapping Out the Senate Stablecoin Bill's Next Steps

House Republicans unveiled a discussion draft of a market structure bill but all eyes this week were on the Senate, where a largely bipartisan effort to advance stablecoin legislation ran up against a wall.PS: I'll be in Toronto next week for Consensus. In town? Come say hi.You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government source: https://www.coindesk.com/news-analysis/2025/05/10/state-of-crypto-mapping-out-the-senate-stablecoin-bills-next-steps