A US Senate bill aimed at regulating stablecoins has gained momentum after bipartisan negotiations resulted in several key revisions. The updated legislation includes stricter controls on money laundering, foreign-issued stablecoins, and technology companies.
Notably, Senator Angela Alsobrooks of Maryland, the lead Democratic sponsor of the bill, confirmed that negotiators have agreed upon changes that enhance consumer protections. The revised bill ensures that domestic and foreign issuers are held to the same standards, promoting fairness and consistency in the industry.
Source: https://www.bloomberg.com/news/articles/2025-05-15/crypto-bill-poised-for-resurrection-after-democrats-hail-changes