The Senate has scheduled a vote to approve bipartisan stablecoin regulation which represents a major advancement in Washington’s efforts to control the rapidly expanding crypto industry. The bipartisan legislation received support from 18 Democratic members and the Republican majority to become the first significant crypto-related bill passed by the Senate during 2025.
The bill will proceed to the House of Representatives for additional discussion after passing the Senate. The crypto industry donated heavily during the 2024 election season which created strong expectations for positive regulatory changes.
Some Democratic members continue to express doubts about the legislation because it does not address President Donald Trump’s crypto investments. The measure establishes much-needed clarity and digital asset consumer protections according to its supporters.
Sen. Angela Alsobrooks from Maryland declared that this unregulated space will now become subject to regulatory oversight.
The bill demonstrates increasing congressional agreement about crypto oversight despite ongoing disagreements about the level of regulatory control.
