๐บ๐ธ Update: The House of Representatives receives the "GENIUS Act" stablecoin bill from the Senate on Monday afternoon!
โโโโโโโโโโโโโโโ
๐๏ธ Event Details:
โ The GENIUS Act bill for regulating stablecoins has been officially delivered from the Senate to the House of Representatives
โ This law is considered one of the most prominent legislative initiatives to regulate the dollar stablecoin market
โโโโโโโโโโโโโโโ
๐ What does the law include?
โ Clear criteria for issuing stablecoins
โ Joint oversight between the Treasury and regulatory bodies
โ Support for innovation while protecting consumers
โโโโโโโโโโโโโโโ
๐ง Will the vote pass in the House of Representatives?
๐ธ Pros:
โ Growing support from Republican and Democratic lawmakers
โ Increasing public momentum towards digital currencies
โ Positive signals from the White House
๐ธ Challenges:
โ Some opponents believe the law gives too much power to banks
โ Concerns about its impact on decentralized stablecoins
โโโโโโโโโโโโโโโ
โWhat do you think? Will the law pass and be sent to the President's desk soon? Or will political calculations hinder it?
โโโโโโโโโโโโโโโ
๐ If you liked the content, support me with a like and follow to receive all the latest updates
LEGENDARY_007