Senate looks at another vote in Stablecoin account after the revised text
Senators are expected to hold another vote on Monday nights on the improvement of Genius law, a bill that will set the first American rules for Stablecoins.
Renewed efforts follows a Voting failed Earlier this month after the Democrats had raised concerns about potential camps.
The revised account includes a language that would limit major technological companies like meta, from publishing stableCoins without special approval.
However, the update did not meet the key progress, including the Saint. Elizabeth Warren, who claims that legislation It still enables the CRIPTO Trump-based corruption.
Her concerns in the Trump’s family in relation to Firt of Financial Liberia, which launched StableCoin who supported the dollar, USD1.
Stablecoin legislation
Genius ACT would require StableCoin publishers retain In safe assets such as state records, in accordance with money laundering laws and provide priority of consumers in case of bankruptcy.
StableCOins Like Tether’s USDT (USDTT) and the circle is USDC (USDC) Underpin Large $ 3.3 million Trillion Cripto Trading Trading.
Some democrats uneasy About the potential for stablecoins to become a passage for technological giants in banking, while the cropty lawyers claim that the account is a crucial first step in the modernization of the US financial infrastructure of the United States.
Industrial groups say that the law will not bring a clearer regulation for the CRIPTO exchange and publishers of tokens remaining more constructive.
The bill is expected to have a lighter path in the house. However, even if the Senate cleans this obstacle, the broader cryptic regulation can face stronger coverings in the midst of a growing monitoring of the financial links of former President Trump in the sector.
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2025-05-19 19:47:00
