PANews reported on May 9 that Brian Armstrong, CEO of Coinbase, said in a post that the first vote on stablecoin legislation in the U.S. Senate was the "first round of negotiations" and a new round of voting is expected to take place early next week. He pointed out that the clause in the bill that "prohibits stablecoins from providing interest income" needs to be amended, and emphasized that the GENIUS Act may eventually be close to the president's signature in the form of bipartisan support. Armstrong said that "52 million American voters who hold crypto assets are watching closely."