{"id":90882,"date":"2026-05-09T07:16:31","date_gmt":"2026-05-09T07:16:31","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=90882"},"modified":"2026-05-09T07:16:31","modified_gmt":"2026-05-09T07:16:31","slug":"banks-sound-alarm-as-senate-pushes-high-stakes-stablecoin-bill-that-could-reshape-traditional-deposits","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=90882","title":{"rendered":"Banks Sound Alarm As Senate Pushes High-Stakes Stablecoin Bill That Could Reshape Traditional Deposits"},"content":{"rendered":"<div>\n<p>A pivotal Senate Banking Committee vote next week could move the U.S. closer to establishing <a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/26\/04\/51808364\/stablecoin-demand-weakens-but-clarity-act-stalemate-nears-resolution\">long-awaited crypto regulations<\/a> amid heightened concerns from banks that stablecoins may disrupt traditional deposit systems.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Senate Stablecoin Legislation Advances Amid Industry Divide<\/strong><\/h2>\n<p>A major crypto market structure bill is scheduled for an initial vote on May 14 before the Senate Banking Committee, CNBC <a href=\"https:\/\/www.cnbc.com\/2026\/05\/08\/congress-crypto-bill-vote-senate-banking-committee.html\">reported<\/a>.<\/p>\n<p>Senate Banking Committee Chairman <strong>Tim Scott<\/strong> (R-S.C.) has pushed to secure full Republican backing for the legislation.<\/p>\n<p>However, Democratic support remains <a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/26\/05\/52271821\/senator-thom-tillis-says-we-respectfully-agree-to-disagree-after-banking-industry-criticizes-stablecoin-yield-compromise\">uncertain due to unresolved disputes<\/a>, including provisions aimed at restricting politicians from profiting off digital assets.<\/p>\n<div class=\"bz-read-next-block\"><\/div>\n<p>     data-variant=&#8221;card&#8221;<br \/>\n     data-news-mode=&#8221;manual&#8221;<\/p>\n<p>    &gt;<\/p>\n<p>\n<strong><br \/>\nRead Also:<br \/>\n<a href=\"https:\/\/www.benzinga.com\/news\/politics\/26\/05\/52434056\/aoc-slams-billionaire-wealth-as-subsidized-by-underpaid-workers-ignites-clash-with-palmer-luckey-doesnt-hold-up-to-any-scrutiny\" target=\"_blank\" rel=\"noopener\"><br \/>\nAOC &#8230;<\/a><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A pivotal Senate Banking Committee vote next week could move the U.S. closer to establishing long-awaited crypto regulations amid heightened concerns from banks that stablecoins may disrupt traditional deposit systems. Senate Stablecoin Legislation Advances Amid Industry Divide A major crypto market structure bill is scheduled for an initial vote on May 14 before the Senate [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-90882","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/90882","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=90882"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/90882\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=90882"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=90882"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=90882"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}