CEO of Ripple Brad Garlinghouse taken To the Social Media Network X to urge American Senate members to pass the central stablecoin legislation.
He said: “The more the United States is able to pass clear practical rules, the fastest to reap the benefits of this technology.”
Garinghouse noticed that Stablecoins “explodes” worldwide based on the huge number of ads through encryption and traditional financing.
like It was mentioned by u.todayThe genius law, which aims to create a clear regulatory framework for Stablecoins, failed to pass a procedural obstacle to the Senate on Thursday so that it can advance to the full vote.
Senator Arizona Robin Galligo claimed that the Democrats did not have enough time to learn about the proposed changes, which is why the bill did not get enough votes to meet the stroke. Some members of the Republican Senate, including Libertari Rand Paul, voted against the high Stablecoin bill.
Senate members are likely to consider a new issue of the draft law next week.
In a re -published statement by Garinghouse, Treasury Secretary Scott Pessant stated that the draft law provided a “one -time opportunity in the generation” to expand the dominance of the US dollar. Bessent warned that creating cryptocurrency can move outside.
The CEO of Galaxy Mike Novoghatz stressed that it is “necessary” for the Senate to pass the Stablecoin legislation, stressing that it should not be a party.
