The US Senate Banking Commission develops the STABLECOIN bill with the support of both parties. Next Senate Voting

In response to President Trump’s encryption sector, the US Senate Bank Commission has successfully promoted a bill that regulates Stay Blemoin. This is a great help in the bill to reach Trump’s desk for his signature. The bill benefited from five Senate Democrats who joined the Republican Party by arranging the committee with 18-6 votes.

The Stablecoin regulations are heading toward Trump

The US Senate Bank Commission has recorded an important movement for the presidential approval with the Stablecoin Regulation bill of the Cryptocurrency industry. After receiving the first committee approval, the bill aims to regulate the federal government’s Starble Lecomin publisher, which is preparing for the Senate voting, and similar bills are being suspended in the House of Representatives.

Despite some obstacles, such as adjusting the difference between the Senate and the House of Representatives, the Commission successfully passed the bill with 18-6 votes.

Among the Democrats supporting the passage of the genius law were the Bill co -sponsors Angela Alsobrooks and the Senate Banking Committee Committee Mark Warner, Andy Kim, Lisa Blunt Rochester and Ruben Gallego. Bill Hagerty, a patron of the bill, expressed its goal to bring the bill to the Senate vote by the end of April.

Also read: Just in: Hagerty Senator Hagerty introduces genius acts and regulates Stablecoins.

Senator Elizabeth Warren, a skepticist at Cryptocurrency, proposed some amendments to the genius law at the Senate Banking Commission on Thursday. The bill aims to establish a legal framework for non -bank staybloin publishers in the US economy.

Senator Elizabeth Warren proposed to modify the genius method of uploading the Starble Lecoin publisher to a blacklist on a blacklist if a token is used for illegal activities such as drug trafficking, drug trafficking or child pornography.

She also proposed to expand the law to include encryption exchange and other organizations dealing with stablecoins. But her proposed amendment was rejected along the party line.

Many Republicans prioritize stable laws.

At the end of the hearing, Elizabeth expressed a strong reservation for the development of the bill, and emphasized the progress in a report that many defects and Donald Trump are trying to start their stability with a company known as a legal violation. She was informed that Trump’s Liberty Financial is in negotiations with crypto Exchange Binance.

Warren criticized Trump’s decision to pursue a bill while Trump is trading something called a stable platform.

Hagerty said, “We suggest common sense rules that protect consumers, promote competition and encourage innovation. Now is the time to provide clarity and stability that our country and its innovators desperately need. ”

This year, the cryptocurrency industry is gathering both parties to policies. The success in the notable field was related to the IRS rules that this sector opposes. After the 2024 elections were controlled by the Republican Party, the STABLECOIN law was the main priority according to Scott’s leadership.