Crypto Bill Poised for Resurrection After Democrats Hail Changes

Crypto-friendly Senate Democrats moved closer to reviving stablecoin legislation sought by the industry after bipartisan negotiators agreed to assorted revisions, including tightened restrictions on money laundering, foreign issuers and technology companies.

Senator Angela Alsobrooks of Maryland, the top Democratic sponsor of the bill, said negotiators had approved changes that improved consumer protections and would ensure domestic and foreign issuers both face the same rules.