The US Senate legislators are scheduled to vote on directing and creating a national innovation in favor of Stablecoins, or a genius law, after the majority chose to summon clots for the draft law.
According to the Senate Democrats on Thursday, the full room will vote In the Genius Law on Tuesday, June 17.
The word vote will follow the members of the Senate who have proposed a variety of amendments to the draft law, including one to address elected officials and their families, which are likely to benefit through the contacts of the encryption industry.
Referring to the majority leader, Democrats of the Senate said, “The Senate will vote on the approval of the bill, in its amended form, at a time when the majority leader is determined in consultation with the democratic leader on Tuesday, June 17,” referring to the majority leader John Thun and the leader of the minority Chuck Schumer.
If it is passed in its modified form, the genius law may provide a legal and regulatory framework for Stablecoins in the United States. Although he was not signing to become a law starting from Friday, the discussion on Stablecoins comes because many companies And according to what was considered the publication Their symbols.
Related to: Walmart, Amazon think about the Special Stablecoins version: WSJ
Legislators in the Senate The clots were called on the bill Wednesday in 68-30 votes, indicating that there may be support from some Democrats in a floor vote. However, it is said that Senator Missouri Josh Holie will vote Against the amended bill, claiming that it was a “huge gift for large technology”.
Stablecoins in the Senate, the market structure in the House of Representatives
As Stablecoin’s discussion continues in one room, the US House of Representatives are considering a bill to create clear roles of the Securities and Stock Exchange Committee (SEC) and the CFTC for digital assets.
On Tuesday, two committees at home Voice to pay the billDigital Assets Market Law (clarity), setting legislation to vote on the floor.
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With the presence of Republicans who hold a small majority in the House of Representatives and the Senate, it is not clear whether any Bill will get enough support from both parties to pass and end up with the president’s office to be signed in law or veto.
magazine: Crypto wanted to topple banks, and now it’s in Stablecoin fighting
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