Editor's PiCK
US 'Crypto Czar': "Stablecoin Bill Expected to Become Law with Bipartisan Support for the First Time in Years"
Suehyeon Lee
Summary
- It was reported that the stablecoin bill being promoted in the United States is highly likely to be enacted with bipartisan support for the first time in years.
- David Sacks, the crypto czar of the U.S. White House, expressed his expectation that this bill could be one passed with bipartisan support.
- The industry believes that this stablecoin bill could become a significant turning point for the stablecoin market to enter the institutional sphere.
The stablecoin bill 'Genius Act', currently being promoted in the United States, is expected to pass for the first time in years with bipartisan support.
According to Cointelegraph on the 14th (local time), David Sacks, the U.S. White House official responsible for virtual asset and artificial intelligence (AI) policy (crypto czar), expressed strong expectations, stating, "The stablecoin bill could be a bill that passes with bipartisan support for the first time in years."
Meanwhile, the stablecoin bill is up for a final vote in the U.S. Senate on the 17th. The industry views this bill as an important turning point for stablecoins to enter the institutional market.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
