Summary
- The White House is actively pushing for the submission of the stablecoin bill to the Senate floor.
- The GENIUS ACT has already passed the Senate Banking Committee and is scheduled for discussion at the floor meeting.
- The final step for the bill's passage is to pass the House and receive the President's signature.
The U.S. stablecoin (virtual asset linked to the value of fiat currency) bill is expected to be submitted to the Senate next month.
According to Crypto in America on the 24th (local time), the White House urged that the stablecoin bill 'GENIUS ACT' proposed by Senator Bill Hagerty be presented at the Senate floor meeting scheduled for next month.
Previously, on the 13th, the bill passed the Senate Banking Committee with 18 votes in favor and 6 against.
For the bill to be finally enacted, it needs to pass the House and receive the signature of President Donald Trump.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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