#USStablecoinBill
(Law GENIUS)
this is the name of the bill to regulate stablecoins in the U.S.
With this bill, the U.S. is getting closer to regulating stablecoins, but it has encountered an obstacle.
The nine Democrats who support it have changed their minds, fearing it needs more revisions, as it does not address enough on many fronts, such as money laundering, etc.
Meanwhile, the cryptocurrency industry wants it to be approved to overcome the bias of the Federal Reserve, as they call it.
Future of the bill: Uncertain...🤔
