White House pushes to bring stablecoin legislation to Senate floor next month

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Cointime2025/03/25 02:11

By:Cointime

according to Crypto in America, the White House is actively pushing for the "GENIUS Act" to enter the Senate for review as soon as possible, and aims to be signed into law by President Trump within two months. The bill was approved by the Senate Banking Committee on March 13 by a vote of 18 to 6, establishing a regulatory framework for payment stablecoins pegged to the US dollar. The House version, the "STABLE Act," will begin consideration on April 2, with the White House hoping the Senate version will receive enough support to push the House to pass it directly, avoiding the legislative negotiation process.

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