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CEX CEO: The stablecoin bill still needs revisions, and voting may resume next week.
[CEX CEO: The stablecoin bill still needs to be amended, and voting may restart next week] On May 9, CEX CEO Brian Armstrong stated that the U.S. Senate’s first vote on stablecoin legislation is the “first round of negotiations,” with a new round of voting expected early next week. He pointed out that the clause in the bill that “prohibits stablecoins from providing interest returns” needs to be revised, emphasizing that the GENIUS bill could ultimately approach presidential signing with bipartisan support. Armstrong stated, “The 52 million American voters holding encryption assets are closely watching.”