The House is out for a Juneteenth recess this week, and the Senate will be working an abbreviated week with the goal of passing a bipartisan stablecoin regulation bill on Tuesday.
The Senate voted 67-27 to invoke cloture and end debate on the bill June 12, after negotiations led to some changes to secure more Democratic support. Democrats initially rallied in opposition to calling the bill up on the floor in May.
“We have an opportunity to cement America’s financial dominance for decades to come and demonstrate that this body can come together and pass legislation that benefits our country and its citizens,” Sen. Bill Hagerty, R-Tenn., the lead sponsor of the measure, said in a floor speech last week.
