Senator Bill Hagerty, who backed the Senate's version of the legislation, predicted the body will "make history" next week by passing the bill.
A legislative draft obtained by CoinDesk shows a marginally revised version despite Democrats citing "major victories" in the Senate negotiation.
The legislation to regulate stablecoin issuers hit a big bump a week ago, but negotiations continued and the latest version may move again.
BitGo’s stablecoin-as-a-service has drawn significant interest from U.S. and international banks, Ben Reynolds said.
DEK:The congressman said he thinks getting a stablecoin bill and a market structure bill on President Donald Trump’s desk by the August recess is “still doable.”
Stablecoins are increasingly becoming strategic assets, and support dollar dominance, the report said.
While the Senate failed to advance its stablecoin bill this week, it's not dead yet.
The tech giant reportedly also hired a vice president of product with crypto experience to help with the stablecoin efforts.
Last-minute Democrat objections led to a failed vote to move into debate on a top crypto industry legislative priority to regulate dollar-based tokens.
Once-allied Democrats continue to drag their heels on the first big crypto bill, leaving a key vote in doubt as GOP Majority Leader Thune calls for action.
We use CryptoCompare and CoinDesk APIs to fetch the latest cryptocurrency updates. Please contact the administrator if you'd like to add more sources.