Bloomberg: The stablecoin bill has been promoted by both parties in the United States and is expected to be quickly restarted in the Senate

Odaily Planet Daily News According to Bloomberg, bipartisan senators in the United States are accelerating the "rebirth" of stablecoin legislation supported by the crypto industry. Previously, the legislation was blocked due to controversy over Trump's crypto portfolio. Bill Hagerty, the first Republican sponsor of the legislation and a senator from Tennessee, said at the Capitol that the two parties are continuing to push forward and hope that the Democrats will pass it before the holiday recess on May 26, because the Senate will focus on the Republican fiscal and taxation plan. He bluntly said, "It's time to see if rationality can prevail." Progressive Democrats Elizabeth Warren and others have pushed to ban Trump and other officials from profiting from crypto investments during their terms, but were rejected by the Republicans. Chuck Schumer and others complained that there was no public text of the bipartisan compromise plan. Angela Alsobrooks, the first Democratic sponsor and a senator from Maryland, said that senators are working hard, and she and four Democrats have voted in favor of the Banking Committee. In the Senate, most legislation requires 60 votes, and Democratic support is critical. Crypto industry executives such as Coinbase's CEO are pushing to resolve the deadlock. The digital asset industry spent heavily last year to elect crypto-friendly lawmakers, and this trend may continue into the 2026 midterm elections.