According to Odaily Planet Daily, French Hill, chairman of the U.S. House Financial Services Committee, stated that before the stablecoin bill becomes law, the House and Senate need to reach an agreement on several issues. The Senate is expected to approve its version of the (GENIUS Act) as early as this week. In recent weeks, the stablecoin bill has received bipartisan support and has passed the Senate Banking Committee and early procedural votes. However, due to opposition from Democrats, the bill was temporarily delayed, as they believe it does not include sufficient measures to prevent illegal activities and should prohibit public officials, such as the President, from participating in such businesses.