Steps of the next Senicoin Senicoin Bill Bill

Republicans in the House of Representatives revealed a draft discussion of the market structure law, but all the eyes this week were in the Senate, as there was a large extent from the two parties to advance in the Stablecoin legislation against the wall.

Note: I will be in Toronto next week for consensus. In the city? Come say hello.

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Narration

Stablecoin and Market Huster are two great things about Crypto, which is expected to reach Congress to President Donald Trump’s office this year. There was a press conference by Crypto and AI CZAR DAVID SACKS with the chairs of the House of Representatives and the Senate. Everyone had this harsh deadline “before August.”

Why do it matter

Of these two projects, Stablecoin’s legislation was supposed to be the easiest elevator. It focuses on part of the encryption sector, while the market structure bill will determine how a wider part of the industry works and supervised by Federal Organizers. Even a little more than a week, the Stablecoin Bill was largely sailing with a few cases. Now – while it is still expected to become a law – its timing is much less confident.

Shatter

First thing: No one this correspondent spoke this week that the Senate Stablecooin Bill – the Senicoin’s STADLECOIN’s bill – the law of guidance and the creation of the national innovation of the Stablecoins Law (genius) – has died. According to several individuals familiar with the situation, legislators have already returned to negotiation after that Founded ThursdayAnd legislators can vote again as soon as next week – perhaps until Monday.

A vote on Thursday failed after the Democrats A warning at the end of last week Some provisions are about national security, the safety of the financial system and the accountability, though this Republicans argued The continuous use of stablecoin requires fast passage. US President Donald Trump’s profit from Stablecoins also sparked warning bells for the legislators. Multiple bills This would prevent the president from issuing financial assets, including the “final corruption law for encryption”, which would prevent all members of Congress, the president, vice president, other executives and their families from.Issue, support or care for encryption assets“

On Wednesday, one individual told Coindsk that it seems that the deal may be present until Democrats obtained a vote at the end of the encrypted corruption law, either as an amendment to the genius law or as a stand -alone edition, before the procedural vote on the genius law itself.

This did not eventually happened, as legislators moved directly to the so -called vote on the assembly on Thursday; He decreased 48-49.

Voting on partisan lines also did not fail: Although any democrats voted in favor of the bill, Republicans Josh Hawly and Rand Paul He joined 46 democratic voting against the proposal (the vote of majority leader John Thun in the beginning of the bill, but he turned in a procedural move that allows him to restore the bill to vote later).

Among the other issues is the fact that there is no bill available at a time when the vote began.

The stroke vote, which will open 30 hours of discussion, is likely to be the main part of the financial lever for Democrats who must try to obtain their priorities in the bill because it needs 60 Senators. After the discussion, there will be another stroke vote before the final clip vote, but it will be difficult for the legislator who voted to open the discussion to walk after that, a member told Coindsk.

The individual said that the presence of their priorities before reaching the final group of votes will also provide more comfort for the legislators.

None of the individuals who spoke to Coindsk expected that the actual judgment that prevents the American president from issuing or linking a STABLECOIN is part of the final bill.

One individual said that the ongoing negotiations focus more on how foreign exporters and anti -money laundering provisions are treated.

The broader concern was that the huge delay in passing the Stablecoin legislation may slow the process of promoting the market structure law, which will rewrite the law on how to involve the Justice, Securities and Exchange Trading Committee, including how the coded currency is defined as securities. Discussion draft Submitted At home this week.

If the Senate votes on the Stablecoin Bill next week or so, it should not carry the other bill, according to two people Coindsk.

• Bill Heikal, the American encryption market, unveiled legislators at home: As the title says. More about this within a few weeks.
• New Hamebeshire becomes the first state to approve the encryption reserve law: The title is very self -clarity here.
• Prosecutors in the Samurai portfolio say that delaying the disclosure of violation is Badi: Defense lawyers for Samurai wallet developers He claims the last day The Ministry of Justice blocked decisive evidence in the form of notes on a conversation with officials of the Financial Crime Executive Network who told the prosecutors that the Samurai portfolio was not the money transfer company. On Friday, prosecutors claimed that they did not obscure this guide.
• SEC, Ripple INK a $ 50 million settlement agreement, ask NY Judge about green light: Ripple and SEC asked the judge to be the approval of the settlement agreement first He announced in March.
• The betrayal lose millions who predict the new Pope with the fading edge of the polymers: There is a new door, and the Bethamers gave him a 1 % chance to succeed Pope Francis.
• The Binance Cz founder confirms that he applied for a pardon for Trump after the prison period: Changing Chau said he had asked US President Donald Trump to obtain an amnesty after his guilt was passed for 2023 due to the violation of the bank’s secret law.
• CFTC falls the call in the case of betting in the elections such as Shi: CFTC seems to have wiped the road for political events to officially launch it in the United States, after it dropped its appeal for Kalshi 2024.
• Democrat in the Senate says he is looking at Trump’s work for encryption: Senator Richard Blumentel, a member of the classification in the Permanent Sub -Committee of the Internal Security and Government Affairs Committee of the Senate, has written letters to the executives of two Trump entities asking about their encryption projects.
• Coinbase’s SEC documents reveal that the New York Prosecutor wanted to announce security: The New York Prosecutor’s Office, Lettia James, asked the Securities and Stock Exchange Committee to name ETH security during its case against Cocoin, according to a group of documents that Coinbase received from the Supreme Education Council according to the request of the Freedom of Information Law.
• OCC: Banks can buy and sell encryption assets for their detention customers: The currency observer office has published an explanatory letter telling the banks that they can buy and sell coding assets for customers to detain and use third -party soldiers.
• As Meta said to MULL, Senator Warren calls for Big Tech Stablecoins: Meta (formerly Facebook), who tried famous to enter Crypto in 2019 and sparked a tremendous violent reaction to his efforts, to be considered using Stablecoins again, for each luck. Senate members Elizabeth Warren and Josh Hawly expressed their concerns.

Tuesday

• 10:00 US EST (14:00 UAE time) was scheduled to Hold a joint hearing On the structure of the digital assets market, but the FSC classification member Object Maxine water Instead, her listening session was held on Trump’s connection.

Thursday

• ((404 media)) It turned out that former national security advisor Michael Waltz was not using a sign, but rather an informal version called Telemessge, which was at that time Penetrate And then Hanging services temporarily.
• ((Standard of San Francisco)) Jeff Yu seemed to destroy his death to pump mechanics, or something like that. San Francisco Standard reported that the late Yo is alive and kicked at his parents’ home.

If you have ideas or questions about what you should discuss next week or any other notes you want to share, do not hesitate to write to me via email nik@coindesk.com Or you find me on Bluesky @nichileeshde.bsky.social.

You can also join the group conversation on cable.

See next week!