According to BlockBeats, on May 22, White House cryptocurrency and artificial intelligence director David Sacks stated that the stablecoin bill will unlock trillions of dollars for the U.S. Treasury.
Yesterday, the U.S. Senate voted to advance the (GENIUS Stablecoin Bill) to formal consideration, with at least 15 Democratic senators changing their positions to vote in favor. The bill will enter a comprehensive review process, having only passed the motion to end debate; the bill itself has not yet passed. Next, there will be debates and amendments in the Senate.