In the last days of the Senate Stablecoin debate, Trump’s crypto tie will remain in the spotlight

The US Senate has never been closer to the approval of a major piece of crypto law as it embraced the Stablecoin-regulation bill, but some democrats insisted that the final debate had to meet President Donald Trump’s accused conflicts.

US Stablecoin law advocates are Hoping to -cap off their effort in a single weekBut the debate will continue for a second week of floor action on the bill to set the administration of dollars based on the middle of the digital assets trading.

Part of that debate would be a push from a well -known faction Of the Democrats, along with Senators Elizabeth Warren and Chris Murphy, to change the law to directly ban President and other old government officials (including Congress members) from joining the Stablecoin business – a restriction that Trump would run around his family’s liberty world.

“Elected officials have the responsibility to serve the Americans – not line their own pockets,” a group of seven democrats who also included minority chuck Schumer in a statement on Friday, the day after Trump received more than 200 of the leading investors in his own memecoin at a private dinner. “In order to break the flawless corruption of the President and his family, our amendment forbids the President, Vice President and government officials directly or indirectly benefiting from a Stablecoin adventure while in the office.”

Read more: Democrats threatened suits, joined protests leading to Trump’s memecoin dinner

Other Democrats selected at the start of last week in Continue the bill The United States Constitution has argued that it is illegal for the President to accept any value from foreign interests, as they claim that Trump is doing his family business. Those senators, including Kirsten Gillibrand of New York, said there was no need to repeat it on the Stablecoin bill. But Murphy has fought at a Thursday’s press conference that chasing legal violations under the provision of the Constitution is more difficult than the clearly making a new law that brings explicit consequences.

Senator Bill Hagerty, the Tennessee Republican who supports the guidance and establishment of national innovations for the US Stablecoins (Genius) Act, said in an interview on Friday in the FOX business that he was “optimistic as we embraced this piece of law, and I enjoy we got strong, support of the bipartisan here, we move in the right direction.” The bill removed a so -called cloture vote on Monday that needed 60 votes, including supporters of 66, including more than a dozen democrats.

The vote to advance the bill means a specified period of floor debate will start before it should clear another cloture of the cloture and get the final approved vote, which will occur in a simple majority. At that time, the Chamber could adopt the Senate work or pass something similar that could be mounted on the Genius Act to a compromise negotiation that would lead to more votes.

Murphy said on Thursday that Stablecoin’s debate will continue next week. In response to a question from CoinDesk, he said that some fellow democrats who approved the previous cloture vote may not do so again if Stablecoin’s current debate has not entered the Trump issue.

Many of the same democrats protesting at Trump’s memecoin dinner seek to guide Stablecoin’s debate to the potential conflicts of government officials. Murphy said Trump is running “the most confidential White House in the country’s history.”

“It’s just because of corruption playing in the public where everyone can see that it doesn’t mean it’s not widespread, it is a corruption,” he said.

But Trump’s son Eric, appeared in Consensus 2025 in Toronto earlier this month, focusing that things in the crypto business do not offer access to the presidency.

“I started freedom in the world before he was elected,” Eric Trump said. “We were in the world of crypto before he was selected, and one was completely out of the other.”

And Bo Hines, a White House counselor for digital assets, said in the same event of consensus that “the president of the United States cannot be purchased.”