The two parties in the United States are accelerating the promotion of stablecoin legislation, hoping to achieve a breakthrough before the end of May

According to Bloomberg, bipartisan senators in the United States are accelerating a stablecoin legislation that has gained broad support from the crypto industry. After a delay caused by the controversy over Trump's investment portfolio, the bill has a chance to "restart".

Bill Hagerty, the main Republican promoter of the bill and Senator from Tennessee, said in Congress that the two sides are working to reach a consensus before the holiday recess on May 26. He stressed that as the Senate is about to turn to the Republican tax and fiscal agenda, "now is a critical moment to test whether rationality can prevail."

However, legislative progress still faces the challenge of partisan differences. Progressive Democrats including Elizabeth Warren insisted on pushing for a clause prohibiting Trump and other officials from profiting from crypto investments while in office, but the proposal was firmly opposed by Republicans. Senate Majority Leader Chuck Schumer also expressed dissatisfaction with the lack of public text of the current bipartisan compromise plan.

Angela Alsobrooks, a Maryland senator and the main Democratic sponsor of the bill, said legislative efforts are still ongoing, and she and four other Democrats have voted in favor of the bill in the Senate Banking Committee. Considering that at least 60 votes are required to pass most legislation in the Senate, Democratic support is crucial.

At the same time, the crypto industry is also actively lobbying to promote the legislative process, and industry executives including the CEO of Coinbase are working to ease the political deadlock. Last year, the digital asset industry invested heavily in the election cycle to support crypto-friendly candidates, and this trend is expected to continue until the 2026 midterm elections.

The re-promotion of stablecoin legislation this time is not only a key link in the regulatory authorities' digital asset policy, but also a sign of the growing influence of the crypto industry on the American political stage. If successfully passed, the bill may become an important turning point in the legal and compliant development of stablecoins.