Unchained
Unchained
Laura Shin
Why the Senate Stablecoin Bill Stalled & What It Means for Crypto
28 minutes Posted May 9, 2025 at 10:00 pm.
Intro
Why the Senate blocked the vote but the bill isn’t dead yet
Why some pro-crypto Democrats suddenly flipped
Key differences between the two competing GENIUS Act proposals
Whether lawmakers are starting to shift their crypto stances
Can the Senate overcome divisions and get this across the finish line?
How Trump’s crypto ties are shaping the legislative battle
Is the August deadline already slipping out of reach
Combining stablecoin and market structure bills
Why Kristin says it’s a relief not to have to deal with Gensler anymore
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28:23
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Show notes
The crypto industry is fixated on the U.S. Senate.
On Thursday, lawmakers failed to advance the GENIUS Act, the most significant federal stablecoin bill to date. But the story isn’t over. 
Behind the process is a drama about potential presidential conflicts, shifting political alliances, and unresolved policy questions.
In this episode, Kristin Smith, CEO of the Blockchain Association and Amanda Tuminelli, executive director and CLO of the DeFi Education Fund, break down:
Why the bill stalled but isn’t dead yet
The role Trump’s crypto ties are playing
Whether Democrats who once backed crypto are turning away
Why advocates are still pushing for a deal this year
Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com
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Kristin Smith, CEO of the Blockchain Association
Amanda Tuminelli, executive director and CLO of the DeFi Education Fund
Timestamps:
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