TechFlow, May 9 — Coinbase CEO Brian Armstrong posted that the U.S. Senate's first vote on stablecoin legislation marks the "first round of negotiations," with another vote expected early next week. He pointed out that the provision in the bill "prohibiting interest payments on stablecoins" needs to be revised, emphasizing that the GENIUS Act could ultimately reach the president's desk with bipartisan support. Armstrong stated, "52 million American voters who hold crypto assets are watching closely."
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