On June 11, according to former financial reporter Eleanor Terrett, the US Congress is preparing to hold a "cloture" procedural vote related to the stablecoin bill at 2 PM (Eastern Time). This procedure plays a key Vai in determining whether the stablecoin bill is eligible to enter the final voting stage.
Stablecoin is an important bridge between legal tender and the decentralized cryptocurrency field. Legal decisions will significantly impact market structure, Capital flows, and the operating mechanisms of DeFi products.
The result of this vote will determine the future path for stablecoin projects backed by real assets like USD, while also creating a premise for developing legal frameworks for other cryptocurrencies operating in the United States.
Any developments at the Congressional meeting could potentially create a domino effect across the entire digital asset ecosystem, affecting investor sentiment and the activities of cross-border stablecoin issuers.
