US Senate will pass Stablecoin Bill – Digital Chamber Chief

The halting of Stablecoin’s main law in the United States Senate is a minor setback, and the bill will be passed in the coming weeks, Cody Carbone, CEO of the digital chamber, a Washington, DC, -Based Blockchain Trade Association and advocacy.

In a cointelegraph communication with Consensus 2025, Carbone has argued that it is in the best of the US’s best interest in passing comprehensive stablecoin regulations Protect the hegemony of the US dollar In the global markets, with the appeal and support of the bipartisan. Carbone said:

“These things never move as fast as we want to move them, but Stablecoin’s law. This Congress has moved faster than we thought. So, yes, it’s a bump on the road, but I think, very soon, we’ll have another vote.”

The guide and establishment of national change in the US Stablecoins of 2025, or the Genius Act, is seen as a critical piece of law. Failure to pass the comprehensive regulation reform before the midterm election in 2026 could mean a return to the positive regulatory environment and a collapse in the crypto markets.

“The negotiations went on, and so I was very good at well,” Carbone said. “This bill will go to the Senate over the next few weeks.”

Related: What are the next steps for the US Stablecoin Bill?

Partisan Politics and Trump’s Participation in Crypto blames on fees failure

The law failed to pass a vote on the procedure in the Senate on May 8 after several lawmakers democratic withdraw support for the bill, citing US President Donald Trump’s involvement in Crypto as a potential cause of ethical concerns and the main driver for Backpeding support for the bill At the last minute.

Coinbase Chief Legal Officer Paul Grewal also said Trump’s crypto ties complicated the regulation process.