On May 9, Coinbase CEO Brian Armstrong issued a document saying that the U.S. Senate's first vote on stablecoin legislation is the "first round of negotiations" and a new round of voting is expected early next week. He pointed out that the clause in the bill that "prohibits stablecoins from providing interest income" needs to be revised, emphasizing that the GENIUS bill may eventually approach the president's signature with bipartisan support. Armstrong said that "the 52 million U.S. voters who hold crypto assets are watching closely."