Share this article

Senate Votes Against Advancing Stablecoin Bill, Delaying Process as Trump Concerns Fester

Last-minute Democrat objections led to a failed vote to move into debate on a top crypto industry legislative priority to regulate dollar-based tokens.

By Jesse Hamilton|Edited by Nikhilesh De

Updated May 8, 2025, 8:18 p.m. Published May 8, 2025, 6:33 p.m.

U.S. Capitol Building (Jesse Hamilton/CoinDesk) — The U.S. Senate opposed. a procedural vote on the stablecoin bill that may further delay the legislation. (Jesse Hamilton/CoinDesk)