Senate expected to forge ahead with vote to advance crypto bill with bipartisan talks ongoing
WASHINGTON — The Republican-led Senate is expected to move forward with a vote Thursday on a bipartisan crypto regulation bill, but it’s unclear if enough Democrats will support it as negotiations between the two parties are ongoing.
The Senate Banking Committee passed the GENIUS Act, which would create the first U.S. regulatory framework for issuers of stablecoins, digital tokens pegged to currencies like the dollar, in April, with five Democrats backing the legislation.
But after Senate Majority Leader John Thune, R-S.D., said the Senate would swiftly take the measure up, Senate Minority Leader Chuck Schumer, D-N.Y., and Sen. Elizabeth Warren, D-Mass., the ranking member on the Banking Committee, privately urged Democrats —…
