#USStablecoinBill Fantastic meeting with House Dem Leadershi | rajend1986 on Binance Square

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#USStablecoinBill Fantastic meeting with House Dem Leadership this morning including @WhipKClark discussing pushing STABLE Act forward 🇺🇸

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JUST IN: 🇺🇸 SEC announces next roundtable on May 12 discussing tokenization, hosting panelists from Blackrock, Securitize, Fidelity, Robinhood and more.

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STABLECOIN ACT AND GENIUS ACT

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‼️XRP can facilitate settlement for traditional systems like Fedwire through Ripple-enabled partnerships such as Volante.‼️ 👇

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🚨NEW: First Bitcoin reserve bill vetoed in Arizona by Democratic Governor Katie Hobbs. There are two more bills on her desk — one similar to the first, which would allow the state treasurer to invest in $BTC or crypto-related ETFs. The third, sponsored by Rep. @JeffWeninger, may have a better chance at passing. It would allow third-party exchanges like @coinbase to send unclaimed crypto to the state in its native form, instead of liquidating it as is currently required by law. The bill mandates that all unclaimed crypto be kept in its native form, and the state could establish a reserve fund through the yield generated by staking the crypto, Weninger tells me. The proceeds from staking and any airdrops would then be directed into the reserve. When I spoke with Weninger just now, he told me he’s hopeful and optimistic Hobbs will sign the bill despite her veto of the first.

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#USStablecoinBill 🚨NEW: Senator @RubenGallego and nine other senators just issued a joint statement regarding the updated text of the GENIUS Act that was released last week, saying they cannot support the bill in its current form. The group notes several concerns, including insufficient provisions on anti-money laundering, national security, and financial system safety. Notably, four Dems on the list supported the bill in its original form during the @BankingGOP markup in March: Gallego, Warner, Kim and Blunt Rochester. Democrat Angela Alsobrooks, a co-sponsor of the bill, did not sign the letter. “This is all about the political dynamics of President Trump,” one Republican Senate aide tells me. The letter comes following major media scrutiny of Trump’s various crypto ventures, including a New York Times story that stated Trump's family members could profit heavily from $2 billion worth of @worldlibertyfi USD1 stablecoins being used for an investment by a foreign fund. It also comes just two days after @LeaderJohnThune initiated a process that would expedite a full floor vote on the GENIUS Act.

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