{"id":129254,"date":"2025-05-14T20:28:37","date_gmt":"2025-05-14T20:28:37","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=129254"},"modified":"2025-05-14T20:28:37","modified_gmt":"2025-05-14T20:28:37","slug":"crypto-execs-flock-to-dc-to-support-senate-stablecoin-bill","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=129254","title":{"rendered":"Crypto execs flock to DC to support Senate stablecoin bill"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsCrypto founders are heading to Washington, DC, to meet with lawmakers ahead of another expected vote on a stablecoin bill that initially failed in the Senate, according to Coinbase CEO Brian Armstrong.<br \/>\nIn a May 14 X post from the US Capitol rotunda, Armstrong said as many as \u201c60 [crypto] founders\u201d had gathered in DC to support the Guiding and Establishing National Innovation for US Stablecoins, or GENIUS Act, being considered in the Senate and a draft of the market structure bill moving through the House of Representatives.<br \/>\nThe Coinbase CEO said the Senate could consider another vote on the GENIUS Act \u201chopefully tomorrow\u201d after it failed to get enough support from Democrats on May 8.<br \/>\n\u201cLike any good negotiation, there\u2019s a lot of details to work out at the last minute, but we\u2019ve been stressing the urgency of this,\u201d said Armstrong.<br \/>\nMany Democratic lawmakers have said they will not support any crypto-related legislation without a specific carve-out for President Donald Trump profiting from his digital asset ventures, like his TRUMP memecoin and his family-backed company World Liberty Financial.<br \/>\nCointelegraph reached out to Coinbase for comment but had not received a response at the time of publication.<br \/>\nRelated: What are the next steps for the US stablecoin bill?<br \/>\nThis is a developing story, and further information will be added as it becomes available.<a href=\"https:\/\/cointelegraph.com\/news\/crypto-companies-congress-crypto-bill?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsCrypto founders are heading to Washington, DC, to meet with lawmakers ahead of another expected vote on a stablecoin bill that initially failed in the Senate, according to&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129254"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=129254"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129254\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=129254"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=129254"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=129254"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}