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Congress is approaching the August -CablecoCoin legislation – Cryptomode

The United States Conference undertakes important sorting towards passing legislation on the structure of the Stablecoins Market and Crypto, with expectations of completion by August 2025. This step is in line with the United States with other global efforts to adopt the infrastructure and integrate it to this type of asset.

Christine Smith, CEO of Blockchain Association, shared this timeline at the BlockWorks digital assets summit in New York. It is in line with the statements from Bo Hines, Executive Director of the Chamber of Advisors of the Chairman on digital assets, who indicated that Stablecoin’s imminent legislation.

I think we are about to be able to accomplish that August […] Smith said during the summit: “They are doing a lot of work on the scenes at the present time,” Smith said during the summit.

Democratic actor Ro Khanna strengthened this optimism, expressing his confidence that both stable assets and the laws of the encryption market will pass in 2025.

The Senate Banking Committee recently agreed to the Genius Act (Directing and Establishing the National Innovation of the American Stablecoins), which determines the warranty criteria for Stablecoin Exporters and provides for compliance with the anti -washing regulations.

In addition, the financial innovation and technology of the twenty -first century law (Fit21) – which provides a framework for the digital assets market – has passed the House of Representatives but is awaiting the approval of the Senate. The United States, which makes the breach with the organization, comes at a time when Stablecoins has processed more than 27 trillion dollars in transactions, bypassing both the visa and master in the payment volume.

Stablecoins strategic role in US fiscal policy

Stablecoins is currently the vast majority of $ 230 billion, which enhances the role of the US dollar in encryption transactions. Treasury Secretary Scott Pesin She recently confirmed that these assets are a major column of American economic policy, as the Trump administration has given priority to organizational clarity to ensure the dollar remains the global reserve currency.

Related: Fracture: CEC Drops Against Ripple, XRP 14 % rises

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