Bloomberg: "Possibility Rises for Stablecoin Law to Pass Within Days"

JOON HYOUNG LEE

Summary

Bloomberg reported that the Stablecoin Act is increasingly likely to pass the U.S. Senate within days.
For the bill to pass the Senate, at least 60 votes are needed, and it has been revealed that Republicans and Democrats are in the final stages of negotiation.
It was also reported that senators may propose amendments during the plenary session.

There is speculation that the Stablecoin Act (GENIUS Act) is highly likely to pass the U.S. Senate this week.

Bloomberg reported on the 9th (local time), "(The Stablecoin Act) gained support last month from U.S. Democratic senators such as Mark Warner, who are favorable toward cryptocurrencies, significantly increasing the likelihood that it will pass swiftly in the coming days."

The U.S. Senate plans to hold a vote on the Stablecoin Act this week. To pass, the Stablecoin Act must garner at least 60 votes in the Senate.

Reportedly, the U.S. Republican and Democratic parties are engaged in final negotiations regarding the Stablecoin Act. Bloomberg stated, "Negotiations on the bill are ongoing," and added, "Senators may also propose amendments during the plenary session."

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