Coinbase CEO says the GENIUS Act still needs amendments, and a new round of voting is expected early next week

ChainCatcher news, Coinbase CEO Brian Armstrong stated that the U.S. Senate's first vote on stablecoin legislation is the "first round of negotiations," with a new round of voting expected early next week.

He pointed out that the provision in the bill that "prohibits interest-bearing stablecoins" needs to be amended, emphasizing that the GENIUS bill may ultimately approach presidential signing with bipartisan support. Armstrong stated that "the 52 million American voters holding crypto assets are closely watching."