Ripple CEO: The next two weeks are crucial for crypto legislation.

CoinFeed reported on May 6th, citing The Block, that Ripple CEO Brad Garlinghouse warned at the Consensus Miami conference that the next two weeks are crucial for crypto legislation. He stated that the chances of the bill passing will "drop sharply" if the Senate Banking Committee does not hold hearings in the coming weeks. Garlinghouse indicated that the issue would become too sensitive if it dragged on until the midterm elections; the likelihood of legislation being put back on the agenda after the elections is even lower. Last week, Senators Angela Alsobrooks and Thom Tillis reached a compromise on stablecoin rewards, potentially clearing the way for May's deliberations. However, issues related to Trump's crypto conflicts of interest and illicit finance remain unresolved.