The new Senate Senate is not aimed at encrypting Trump, and it amends the major technology approach

The last draft of the American Senate’s Stablecoin legislation includes adequate changes that Democratic members can now have an easier time to return, although consumers’ advocates say they are still short.

The draft law setting the supervision and standards of Stablecoin Exporters through the Senate Banking Committee With wide support from the two parties in MarchHowever Hit a wall on the floor of the Senate last week Many Democrats also sparked objections. Among the most important conflicts that the encrypted interests of President Donald Trump and the possibility of major technology companies such as Meta and the social media site X may be able to issue such symbols.

“As a result of difficult negotiations, Democrats won great victories over a set of critical issues,” supporters indicated a summary distributed with the draft law. The remaining question is: Will it be enough to return to the so -called clotting vote that will lead to strengthening the draft law into a floor discussion that would represent its main phase before the Senate takes a vote.

The next procedural step can come in the Senate Hall next week, according to people familiar with the talks.

The latest changes on the bill represent a mixed bag. The highest requests from critics, that the president be explicitly stopped from the personal benefit from the encryption industry that his administration will be organized, not addressed directly in this issue of the bill.

But with regard to fears of technology giants that are exhausted with a field of new dollar -based symbols, the bill is partially dealt with:

“The public company that does not participate in most or more financial activity, and it is permissible for the subsidiaries or the majority owned by the majority or its subsidiaries, is permissible to issue Stablecoin payments unless the public company gets a unanimous vote from the Stablecoin Certificate Review Committee,” according to the last draft. The committee will be a multi -agency group created under the legislation to consider such requests.

There are great gaps in this, according to Mark Hayes, who focuses on encryption problems and financial technology Americans for financial reform And the request is to apply. He said that for beginners, it only affects public companies, not private companies, such as X and Tiktok.

“There is already a way that large technology companies that are not general can become a source without adhering to these new standards,” he said. He also added, “It is completely possible under this draft law that the public company includes an interest in a non -public company, and this is another way around it.”

He said that this comprehensive draft gave non -teeth answers to the concern of consumer defenders.

Hayes said: “Paying this matter on an arbitrary deadline because the encryption industry breathes your neck is not a good way to take politics.” “This is especially bad when this policy can enable the president.”

Bo Heins, a senior Trump consultant in encryption, It appeared in consensus 2025 In Toronto on Wednesday to insist on the absence of a conflict in the commercial interests of the president or his family’s participation in this industry, including its share in World Liberty Financial. He said that Trump cannot be bought. “

Heinz at the White House, which works as a link to Capitol Hill during the legislative negotiations, expressed her continuous confidence in the effort made in the right track in the Senate.

“Negotiations are continuing,” Henz said in a consensus. “But I am still steadfast in my optimism that we will achieve him – the president’s desire is to do this – both Stablecoin legislation and the legislation of the market structure before the August holiday.”