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