The U.S. Senate Plans to Vote on Stablecoin Bill Before May 26
According to Jinse, based on information from Politico, U.S. Senate Majority Leader John Thune stated in a closed-door meeting that the Senate will address the "GENIUS Act" proposed by Senator Bill Hagerty before May 26. This bill, which passed the Senate Banking Committee in March, aims to restrict any entities other than "licensed payment stablecoin issuers" from issuing payment stablecoins. The House of Representatives has also introduced a companion bill, the "STABLE Act." Democratic lawmakers have criticized the close ties between Trump and related stablecoin companies, fearing an "unprecedented conflict of interest."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Trending news
MoreData: In the past 24 hours, total liquidations across the network reached $532 million, with long positions liquidated for $403 million and short positions for $128 million.
Data: Machi Big Brother has continued to increase his long positions in Ethereum over the past hour, with his current holdings rising to 5,300 ETH.
Crypto prices
More
