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US Senate voted for a law aimed at setting up the rules for stablecoinsLeadership and establishment of national innovation for the US Law on Stabiblekoins (Geniya Law).
Account passed with 68-30 votes on June 17About a month and a half after being introduced by Senator Bill Hagerty of Tennessee.
Hagerty said that the law would help the US in the crypto currency and make it easier to pay faster payment for both companies and individuals. He pointed out that if they pass, people could send and receive money in a second, not the days of waiting.
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An ingenious act still The approval of the House of Representatives is required. Legislators are expected to review the related proposal, known as a stable law. This version can get new suggestions or changes before both accounts can be combined and sent to President Donald Trump.
US Minister Scott Bessent’s Treasury commented on the UA account June 17th Post on x::
Recent reporting projects that Stablecoins could turn into a $ 3.7 trillion market by the end of the decade. This scenario becomes more likely due to the adoption of an ingenious act.
If the bill becomes a law, companies could have a clearer path to starting its own stabible. Technology giants like Apple, Google, Airbnb and Elona Male platform Allegedly explored this idea.
Two senators also asked whether the target, the home company Facebook, may try to re -enter the industry if the ingenious act moves forward. What did they say? Read the whole story.
After a master’s degree in economics, politics and culture of the East Asia region, Aaron wrote scientific papers by analyzing the differences between Western and collective forms of capitalism in the Era after World War II.
Considering the decade of experience in Fintech industry, Aaron understands all the biggest questions and struggles that cryptocurrency lovers face. He is an avid analyst who deals with the content based on data and facts, as well as the one who speaks to the web3 natives and the newcomer in the industry.
Aaron is a person for everyone and for all related to digital currencies. With a huge passion for Blockchain & Web3 education, Aaron tries to transform the space the way we know it and make it more affordable to complete beginners.
Aaron quoted more established outlets and was the author himself. Even during her free time, she enjoys exploring market trends and looking for the next Supernova.
