Mapping the next steps of the Senate StableCoin Bill

The Republican Housewife revealed a draft discussion based on the Law on Market Structure, but all the eyes of this week were in the Senate, where he ran greatly to a great extent to improve the legislation of Stablecoin.

PS: I will be in Toronto next week for consensus. In the city? Come greeting.

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Narrative

Stablecoin accounts and market structures are two great things around the CRIPTO that Congress is expected to reach the table of President Donald Trump this year this year. She was a press conference CRIPTO and AI Czar David bags with chairs and senates. They all had this rough deadline “before the August dent.”

Why is it important

Of these two accounts, Stablecoin legislation should have been easier to raise. It is focused on only part of the crypto sector, while the structure market will be defined that much expands part of the industry operates and oversees the federal regulators. And more until more than a week ago, Start SteamCoin was largely sailed with a little problem. Now – although it is still expected to become a law – the time of its passage is far less secure.

Breaking it

First, first: Nobody spoke this Reporter with this week, it believes that Senat Stablecoin Bill – is the leading and establishment of national innovation for American Stablecoins (Genius) is dead. According to multiple individuals, meet the situation, legislators have already returned to negotiations after Thursday failed votingAnd lawmakers could vote again as soon as next week – potentially even Monday.

Voting on Thursday failed after the Democrat lifted the alarm last weekend that although certain provisions around national security, sound funds of financial system and responsibility Republicans were discussed This in progress, the use of StableCoin requires a quick paragraph. US President Donald Trump Professing StableCoin also raised the bell for tools for legislators, senators that entered Multiple accounts This would prevent the president from issuing financial resources, including the “end of the CRIPTO Corruption of Corruption”, which would block all members of the Congress, President, Vice President, other executive officials and their families “Issuance, support or sponsoring cryptic funds. “

On Wednesday, a single individual said that the agreement could be in place to give Democrats to the end of the CRIPTO CORPOR ACT, as an amendment for genius genius, before the procedural law on self-government.

This eventually did not happen, with legislators who are treated directly to the so-called vote on Klotaro; It fell 48-49.

Voting has failed on foreign lines: although no democrats voted in favor of the law, Republicans Josh Hawley and Rand Paul He joined 46 Democrats in the vote against receipt (leader of most John Thune was initially voted in favor of an account, but it is in a procedural move, but will allow him to make an account later).

In addition to other questions, it was the fact that it was not available to the account for the account at the time the voting started.

Voting on clotation, which would open 30 hours of debate, probably the main part of the semi-annual Democrat must try to receive their priorities in the bill, because 60 senators need to pass. After the debate, another vote on the block of votes before the final transition, but it would be a serious representative who voted to the discussion afterwards, one of the individuals said that one of the individuals told COINDESK.

Sorting their priorities sorted before arrival until the final set of votes will also generally provide more comfort legislators, the individual said.

None of the individuals who talked to COINDEK expect that the actual provision will block the American president to issue or be related to the issuer of Stablekoin will become part of the final law.

One of the individuals said that the current negotiations are more focused on how foreign publishers are treated and provisions on laundering money laundering.

The wider concern was that the delay in the transfer of legislation about Stablecoin could slow down the law on market structure, which will be rewritten by the Commission for Trade and Securities and Securities Commission, the Securities Commission can also be defined by the manner of defined cryptographers. Discussion draft was introduced In the house of this week.

If the Senate votes on StableCoin’s account in the next week or it should not withstand the other account, two people said coindesk.

• Drunk to plan in the Cripto market specified by the house of representatives: As the title says. More about that in a few weeks.
• The new Hampshire becomes the first country to approve the Law on CRIPTO Reserve: Headline is a pretty self-explanation here.
• Prosecutors for the Self-Provation Wallet say the disposal of the Fincan’s detection was not a bunch break: Defenders for developers for self-government banknotes supposedly the other day If the Loye confiscated key evidence in the form of a conversation notes with financial crimes officials who told prosecutors that Samirai wallet was not a job transferred money. The prosecutors claimed on Friday that they did not maintain this evidence.
• SEC, $ 50 million settlement agreement, Ask a green light judge: Ripple and SEC searched to the judge in order to be fine to deal with settlement first announced in March.
• White lose millions predicting a new pope like the edges of polymarket: There is a new pope, and the polymarket gave him a 1% chance of being able to pope Francis.
• The founder of Binance CZ confirms that he filed a claim for Trump, forgiveness after the prison deadline: Changpeng Zhao said he asked American President Donald Trump on pardon after the past from 2023. years criminal offense.
• CFTC complaints in case of Kalsha Election Klade: CFTC seems to have cleared the way to contract political events officially play in the United States, after they have fallen appeal against Kalši’s victory at 2024. years.
• Senate Democrat says she looks at Trump’s crypto company: Sen. Richard Blumenthal, a ranked member of the Basic Doma Security and Government Board, wrote letters to executives at two trump-affeliated entities who ask about their cryptological projects.
• SEC Coinbase documents reveal that Ni Atton General Vanted Hande Eth Declared Security: New York Lawyer General Letitia James asked the value of securities and exchange to invite the Election of Security during his case against Kucoins, according to the meeting of the documents received from the SEC in accordance with the request of the Law on FoCT.
• Occi: Banks can buy and sell crypt’s property assets in custody: The Company Office of Company from the currency has published an interpretative letter that speaks banks who can buy and sell crypto funds to keep customers in custody and use third party services.
• As the target said Mull tokens, Senator Warren calls for blocking large technological stablecoin: The target (earlier Facebook), who was known to tried to enter the CRIPTO 2019. years and caused a massive global background to its efforts, it is used again using stablecoin Happiness. Senators Elizabeth Warren and Josh Hawley also expressed concern.

Tuesday

• 10:00 AM ET (14:00 UTC) The planned financial services of houses and agricultural committees were planned Hold the joint hearing In the structure of the digital property market, but FSC ranking member Maxine Waters opposed And instead, she held her hearing at Trump crypto-up.

Thursday

• (404 Media) It turns out that the former National Security Advisor Michael Valtz has not used a signal, but not an evil version called Telemessage, which was then showroom and later Suspended services temporarily.
• (Standard San Francisco) Jeffi seemed to be in faking her death to pump Memecoin or something. Once late Iu ​​was alive and hit his parents’ house, Sand Francisco Standard was reported.

If you have thoughts or questions about what I should talk next week or any other feedback you want to share, feel free to send me PM me on nik@coindesk.com or find me on blues @nikhileshde.bski.socijalno.

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See you next week!