In 68-30 votes, the US Senate chose to advance and create the national innovation of the American Stablecoins, or the Genius Act, more than a month after its introduction.
Speaking from the Senate Hall on Wednesday, major leader John Thun Urging Members of the Congress to support the bill, chanting many points of dialogue by Donald Donald Trump on digital assets, such as legislation that would help the United States make “the world of encryption in the world”.
The majority of the Senate members, including many Democrats, voted to summon the stroke to the draft law, put it in the discussion and a full vote on the floor before sending it to the House of Representatives for more attention.
“We want to bring an encrypted currency to the main current, and the genius law will help us to do so,” said Thun.
Thun said that there is “more work to be done” for Congress in relation to digital assets, referring to the market structure of the market structure that is considered in the House of Representatives. On Tuesday, two committees in the House of Representatives voted to strengthen the draft law, called on the law of clarity, and perhaps put it to a full vote on the floor soon.
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Senator Elizabeth Warren of Massachusetts from the Senate Hall, saying that there are “basic problems” with the genius law that he failed to address by not voting on some partisan modifications. The fears of many Democrats about Trump’s relations with the World Family Family encryption platform, and a rewarding holder of Memecoin with dinner and access to the presidency.
“Through his work in the field of encryption, President Trump created an effective way to trade the preferences of the presidential, such as customs tariff exemptions, pardon, government appointments for hundreds of millions, and perhaps billions of dollars from foreign governments, from billionaires, and from large companies, respectively.
“The genius law is full of gaps and contains weak guarantees for consumers, national security and financial stability.”
This is a developing story, and more information will be added when available.
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