The U.S. Senate Plans to Vote on Stablecoin Bill Before May 26
According to Jinse, based on information from Politico, U.S. Senate Majority Leader John Thune stated in a closed-door meeting that the Senate will address the "GENIUS Act" proposed by Senator Bill Hagerty before May 26. This bill, which passed the Senate Banking Committee in March, aims to restrict any entities other than "licensed payment stablecoin issuers" from issuing payment stablecoins. The House of Representatives has also introduced a companion bill, the "STABLE Act." Democratic lawmakers have criticized the close ties between Trump and related stablecoin companies, fearing an "unprecedented conflict of interest."
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