PANews May 6 news, according to The Block, Ripple CEO Brad Garlinghouse warned at the Consensus Miami conference that the next two weeks are crucial for cryptocurrency legislation. If the Senate Banking Committee does not hold a hearing in the coming weeks, the probability of the bill passing will "sharply decline." Garlinghouse stated that if it is delayed until the midterm elections, the issue will be too sensitive; the likelihood of the legislation being reintroduced after the elections is lower. Last week, Senator Angela Alsobrooks and Thom Tillis reached a compromise on the stablecoin reward issue, potentially clearing the way for a review in May. However, the conflicts of interest related to Trump and illegal financial issues remain unresolved. Garlinghouse emphasized that although the SEC and CFTC have provided some clarity through guidance and token classification, only legislation can provide permanence, unaffected by future government changes.

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