American Senate advanced Major Stablecoin legislation, which passes a decisive procedural obstacle in a 68-30 vote.
The legislation, known as the genius law, is expected to pass widely next week. The final vote will be on June 16.
Earlier in the day, Senators voted to reduce the debate about the amendment of the alternative to the alternative to the draft law. At least 60 votes were needed to summon the stroke.
The amendment, which was submitted earlier this week, He presents ALM is more powerful to combat money laundering (ALM) and frankly banning Stablecoins issued in the judicial states that have been punished by federal authorities.
The passage of the draft law will be a great victory for the cryptocurrency industry. As said U.today, prominent voices such as Coinbase Brian Armstrong and CEO of Ripple Brad Garlinghouse to Stablecoin bases are clear.
As U.today, the genius law failed to pass a procedural obstacle, but then managed to secure support from some friendly Democrats for encryption.
Lock in the domination of the dollar
Meanwhile, Treasury Secretary Scott Payet confirmed that Stablecoins could “lock” the American dollar’s hegemony.
In May, Bessant Bloomberg told the dollar -backed cryptocurrencies can generate an additional $ 2 trillion request on US Treasury bonds.
