Background: The GENIUS Act, a legislation focused on stablecoins, has been passed in the Senate with a vote of 68 in favor and 30 against.Main Event: President Trump urged the House of Representatives to swiftly pass the bill to advance the legislative process.Challenges and Controversies: Although the Senate has approved the bill, the House faces concerns over amendment debates and conflicts of interest, which may affect the bill's passage.Potential Impact: The passage of this bill will have a significant impact on stablecoin regulation, with the market and stakeholders closely monitoring the progress.
Background: The GENIUS Act, a legislation focused on stablecoins, has been passed in the Senate with a vote of 68 in favor and 30 against.Main Event: President Trump urged the House of Representatives to swiftly pass the bill to advance the legislative process.Challenges and Controversies: Although the Senate has approved the bill, the House faces concerns over amendment debates and conflicts of interest, which may affect the bill's passage.Potential Impact: The passage of this bill will have a significant impact on stablecoin regulation, with the market and stakeholders closely monitoring the progress.
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