The Senate encryption bill passes the main vote, the genius law moves towards the final passage
The Senate voted in favor of the progress of the genius law, also known as the Stablecoin Bill, on Monday night, to overcome a major procedural obstacle and pave the way for the final bill.
What happened: The Senate managed to exceed the majority of three fifths, or the threshold of 60 votes, required to summon the stroke and the final discussion. This procedure aims to intervene legislation in a period of discussion before a series of final votes that will determine its exit from the Senate.
Senator Bill immigrated (R-Tenn), the sponsor of the bill considered that development is “a pioneer”, stating that it will ensure the dominance of the US dollar and the operation of the demand for US treasury bonds.
The House of Representatives simultaneously works on its own version of Stablecoin legislation. The proposed legislation aims to create the first regulatory framework for the United States for Stablecoins Exporters – distinctive coins -related symbols like the dollar. To write these lines, pregnancy Usdt/USD It was the largest stablecoin in terms of market value
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Despite the early two -party momentum, the draft law failed to vote on May 8 after the Senate Democrats suddenly withdrew support for concerns related to national security, AML provisions, and resist the last minute of the main legislators.
The draft law approved a closure vote despite the intense opposition by Senator Elizabeth Warren (D-Mass.), Which claimed that the legislation will “will” charge “Toro”. Donald Trump corruption.
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