Bloomberg: Stablecoins bill receives bipartisan push in US, expected to quickly restart in Senate Senators from both parties in the United States are accelerating the push for the "rebirth" of stablecoin legislation supported by the cryptocurrency industry. Previously, the legislation was blocked due to controversy surrounding Trump's cryptocurrency investment portfolio. The primary Republican initiator of the legislation, Senator Bill Hagerty from Tennessee, stated at the Capitol that both parties are continuing to push forward and hope that the Democratic Party can pass it before the May 26th holiday recess, as the Senate will focus on Republican fiscal and tax plans. He bluntly stated that "it's time to see if rationality can prevail".