🔥You are one step closer to the approval of the stablecoin law in the United States 👀
Yesterday, the U.S. Senate approved the bill to Guide and establish national innovation for #Stablecoins in the United States (or Genius law), with 68 votes in favor and 30 against. The next vote will be given by the House of Representatives.
The Genius bill (#GENIUSActPass ) has been in development for some time, undergoing several changes to comply with established regulations. The goal of this bill is to establish clear rules for the collateralization of stablecoins and compliance with anti-money laundering laws.
Why is it so important that this law gets approved? To begin with, there are several interests at stake, and perhaps one of the most enthusiastic is #DonaldTrump .
It is known that the Trump family has a significant stake in World Liberty Financial, which issued its own stablecoin last March.
The mere fact that stablecoins are recognized within a regulatory framework in the United States opens the doors for more companies to issue their own #tokens .
Recently, some media outlets indicated that tech companies like Apple, Airbnb, and X were exploring stablecoins as a means to reduce fees and make cross-border payments.
The last to make a public announcement was #JPMorgan and its stablecoin pilot program with the base blockchain.
Do you think this bill will be approved?
👉More crypto updates ...
Share and follow me for more 👈😎
$USDT
