The White House plans to submit the stablecoin bill to the Senate for consideration in April

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ODAILY
03-24
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Planet Daily News: The U.S. stablecoin bill GENIUS ACT will face a critical moment in the Senate next month, as the White House plans to submit the stablecoin bill to the Senate for review in April. It is reported that former President Trump's digital asset working group has urged Senate leaders to bring the bill to debate. The legislation establishes a regulatory framework for payment stablecoins (cryptocurrencies pegged to the U.S. dollar) and successfully passed the Senate Banking Committee on March 13 with 18 votes to 6, marking an important step forward in the ongoing efforts to establish clear rules for stablecoins. The White House stated that if the Senate version of the stablecoin bill receives sufficient support, it may be signed into law in its current form. (Crypto In America)

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