$BTC $XRP $SOL Big Event! The U.S. Senate Will Vote on the Stablecoin Bill
Dear family, there’s big news in the crypto world! According to Politico, U.S. Senate Majority Leader John Thune revealed in a closed-door meeting that the "GENIUS Act" will be addressed by May 26. This bill passed the Senate Banking Committee's review back in March, and its influence cannot be underestimated!
💡 The "GENIUS Act" mainly restricts any entity other than "licensed payment stablecoin issuers" from issuing payment stablecoins. Stablecoins are pegged to fiat currencies like the U.S. dollar, with common examples like USDT and USDC being very active in crypto trading, and everyone is now speculating on their future direction.
Currently, the House of Representatives has also proposed a supporting bill called the "STABLE Act". Once these bills are implemented, there will be significant changes to the issuance and trading rules of stablecoins, having a profound impact on the entire cryptocurrency market. This not only concerns investors' wallets but will also affect the landscape of global financial markets.
The Senate's actions this time have raised expectations for the regulation of stablecoins. Will it bring more regulations to the market, or will it stifle innovation? Let’s wait and see. If you want to stay updated on the dynamics of the crypto world, choosing a reliable trading platform is important; HTX Exchange is a great choice, with convenient operations, fast information updates, and secure trading, helping you grasp the latest news in the crypto world in real time. Join now to start your journey in the crypto world!
Do you understand, family? The primary market's hero dog Conan is gearing up, and several institutions are quietly entering and laying in wait. Do you want to join?
