president Donald Trump The Senate’s death praised the Stablecoin legislation on Wednesday, and urged Congress to reach his office without delay.
What happenedIn fact, social, Trump He said The “amazing” genius law will put the United States as a “undisputed” leader in digital assets.
“Nobody will do it better, it’s a pure genius!” Trump stated. “Digital origins are the future, and our nation will own it.”
He also emphasized the possibility of huge investment and innovation and asked the House of Representatives, as the draft law will be discussed after that, to move “rapid lightning”.
“I take it to my office, as soon as possible – without delay, not adding Once,” Trump added.
According to the Benzinga report, the Genus Law, or the direction and creation of the national innovation of Stablecoins for the year 2025, is expected to pass by the end of the summer.
Disclosure: 82 % of CFD retail accounts lose money
Why do it matter: The Senate passed the Genius law on Tuesday, a draft law that establishes the first regulatory framework in the country. pregnancy Usdt/USD and US dollar currency USDC/USD. The coded currency industry celebrated development, while the treasury secretary Scott Pesin He said the clip may help Stablecoins grow to a $ 3.7 trillion market by the end of the contract.
However, some experts have expressed their concerns. Dan Davis, former economist in England, warned that Stablecoins could pose “systematic risks” for American and dollars. He compared Stablecoin to banks that lack and ensure traditional institutions.
The draft law approved the closure vote last month despite the intense opposition before Senator Elizabeth Warren (D-Mass), who claimed that the legislation “Torbus” will corrupt Trump, citing the family-backed USD1 Stablecoin Initiative. Trump reported an income of more than $ 57 million from The world is financial freedomThe company behind USD1, in its latest disclosure.
Photo courtesy: Maxim Elarysus / Shockstock
Read the following:
Slip: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.
