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Washington (AP) – Tuesday in the Senate is a form of cryptoches known as a CryptocoINS, the first, the first is expected to be the wave of Crypto legislation from Congress, hoping to convince the industry’s legitimacy and imagination.
The rapidly moving legislation that will be sent to the house for potential adjustments comes to the heights of the 2024 campaign period, which are among the best political spending in the country its growing effect In Washington and beyond.
Eighteen Democratic senators 53-47 In the Senate, we developed with the majority of the Republic, because we supported the legislation. If it passes, this year there will be a second large bipartisan bill to advance through the Senate Laked Riley Act In the application of immigration in January.
Again, Democrats oppose the bill. The event raised the concerns that the President has increased the minority to eliminate individual financial interests in the Donald Trump’s cryptist.
“Of course, we could not include everything we want, but it was a good bipartisan effort,” he said on Monday. Angela Alsobrooks, D-Md. He added: “This is an area that will be adjusted now.”
Known as Genius law, the bill, quires and consumer protectors for stablecoins, types of cryptocurrency usually rubbed in US dollars. Acronym “US stops to lead the National Renewal for Stablecoins and set up.”
It is expected to be held on Tuesday, because it requires only a simple voting – and last week lasted the largest procedural barrier in 68-30 votes. However, the bill initially resisted more than expected.
There is a provision on the draft law on the stablecoins of members and families of Congress. However, this ban does not extend the President and his family as Trump built a cryptist from the White House.
Last month, Trump spent a special dinner at the Golf Club in Virginia with the best investors in Trump-branded meme coins. His family is a significant shareholder World Freedom FinanceA cryptoval project that launches its Stablecoin, USD1.
Trump, in 2024 in the World of Freedom Finance of the World in 2024, the World Freedom Freedom Finance Ministry has earned $ 57.35 million. A meme coin attached to him, gains, gains were divided between more investors, the $ 320 million payment.
The management supports cryptoic growth and integration into the economy. Last week, Treasury Secretary Scott Bessent, the legislation could help push the US Stablecoin market outside $ 2 trillion until the end of 2028.
Brian Armstrong, Coinbase General Director – met with a great lawyer for the biggest cryptist and bill of the Nation – Trump and praised the early actions of Cryptoval. This was among the last weekend, Washington was among the more prominent brands that reminded the 250th anniversary of the army – an event that coincides with the 79-year-old birthday of Trump.
However, the cryptist emphasizes that they are looking for legislative efforts as a bipartisan, pointing to becoming a champion on each side of the aisle.
“The genius law will be the legislation of the most important digital assets to pass the US Senate,” Senate Bank Committee President Tim Scott, Rs.C. said last week. “This is a product of Bipartis.”
The bill previously hit a rough patch, the Senate Democrats voted to prevent the bill, support the bill and hinder the progress. This is the new negotiations of the Senate Republicans, Democrats and White House, as a result, the compromise is expected to pass on Tuesday.
“There were many changes. As a result, we all have a better table because it is a better thing,” he said.
Again, the bill is an issue with unresolved concerns about the conflict of interest in the president – a source of tension in the democratic Caucasus.
Senator Elizabeth Warren, D-Mass, as a ranked member in the Assembly Committee, warned that the bill has created a “Super Highway” for corruption. He warned that the bill would allow large-scale technology companies to begin with Amazon and Meta, to start their own stablecoins.
If Stablecoin’s legislation passes the Senate on Tuesday, he still faces several obstacles before reaching the president’s desk. This is a more wider market structure that MPs can attempt to close the bill, where the Senate can further complicate legislation should be cleared to the most common majority in the house.
Trump, for the August Break of Congress, now said that it wants Stablecoin legislation on the desk for a break for August, which is now below 50 days.