A bipartisan alliance backing stablecoin legislation shattered in the US Senate as a key group of Democrats threatened to block a bill that Republicans had hoped to pass this month — unless “numerous” fixes are made.

Republicans will bring bipartisan stablecoin legislation to the Senate floor despite last-minute opposition from a bloc of crypto-friendly Democrats. The Senate will hold a procedural vote later this week on the GENIUS Act,

Senate leadership plans to tee up a vote on legislation creating a framework for payment stablecoins this week, even as a contingent of crypto-friendly Senate Democrats pull their support for the