Why the Senate Stablecoin Bill Stalled & What It Means for Crypto

The stablecoin bill hit a wall in the Senate. But is this the end, or just part of a bigger political game?

Posted May 9, 2025 at 6:00 pm EST.

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The crypto industry is fixated on the U.S. Senate.

On Thursday, lawmakers failed to advance the GENIUS Act, the most significant federal stablecoin bill to date. But the story isn’t over.

Behind the process is a drama about potential presidential conflicts, shifting political alliances, and unresolved policy questions.

In this episode, Kristin Smith,…

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