Crypto execs flock to DC to support Senate stablecoin bill
Summary
Crypto founders are meeting with lawmakers in Washington, DC, to advocate for the GENIUS Act, a stablecoin bill that previously failed in the Senate. Coinbase CEO Brian Armstrong noted that around 60 crypto founders are supporting the bill, which is also moving through the House of Representatives. The Senate may vote on the GENIUS Act soon, following its initial rejection due to insufficient Democratic support. Some Democrats demand a provision addressing former President Donald Trump's potential profits from digital assets before supporting any crypto legislation. Further developments on the bill are anticipated.
