According to ChainCatcher, citing Crypto In America, the White House plans to submit the stablecoin bill to the Senate for review in April.

It is reported that the digital asset working group under President Trump urged Senate leaders to bring the bill to debate. The legislation establishes a regulatory framework for payment stablecoins (cryptocurrencies pegged to the US dollar) and was successfully passed by the Senate Banking Committee on March 13 with a vote of 18 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.