Coinbase CEO: The stablecoin bill still needs to be revised, and voting may resume next week

On May 9th, Coinbase CEO Brian Armstrong wrote that the first vote on stablecoin legislation in the US Senate is "the first round of negotiations", and a new round of votes is expected early next week. He pointed out that the clause in the bill that "prohibits stablecoins from providing interest income" needs to be amended, stressing that the GENIUS bill may eventually be close to the president's signature in the form of bipartisan support. Armstrong said that "52 million U.S. voters who hold cryptoassets are watching closely".