Chairman of the U.S. House Financial Services Committee: Both chambers

Still need to reach consensus on certain aspects of the stablecoin bill

According to Golden Finance, French Hill, the chairman of the U.S. House Financial Services Committee, stated that before the stablecoin bill becomes law, the House and Senate still need to reach consensus on some issues. The Senate is expected to approve its version of the bill, known as the "GENIUS Act," as early as this week.

In recent weeks, the stablecoin bill has gained bipartisan support and has passed in the Senate Banking Committee and in the Senate's early procedural votes. However, due to opposition from Democrats, the bill was temporarily delayed as they believe it does not include sufficient measures to prevent illegal activities and that public officials, such as the President, should be prohibited from participating in such businesses. #pi #BTC #ETH