Proponents of the US stablecoin bill are gearing up for another vote in Congress amidst concerns about President Donald Trump’s ties to the cryptocurrency industry. The GENIUS Act, which failed to pass in the US Senate on May 8, is expected to be revisited soon. Following the unsuccessful vote, lawmakers from both parties indicated a possible reconsideration of the bill without a bipartisan agreement in place. Majority Leader John Thune motioned to reconsider the bill, setting the stage for a potential vote in the coming days. Republicans supporting the bill are unlikely to make changes to block Trump or his administration from investing in digital assets, citing constitutional limitations. The Cedar Innovation Foundation, linked to PAC Fairshake, urged Senate leaders to pass a stablecoin bill promptly. Meanwhile, Democratic lawmakers have raised concerns about Trump’s financial interests in the crypto industry, proposing legislation to prevent officials from profiting from memecoins. The State Democracy Defenders Action reported Trump’s crypto holdings at $2.9 billion, raising questions about potential conflicts of interest. With the Senate considering a vote on the GENIUS Act, the future of stablecoin regulation in the US remains uncertain.