The White House is pushing for stablecoin legislation to be submitted to the Senate for consideration next month
2025-03-25 01:50:14
According to Crypto in America, the White House is actively pushing for the GENIUS bill to enter the Senate as soon as possible, and aims to be signed into law by President Trump within two months. The bill passed the Senate Banking Committee 18-6 on March 13 to establish a regulatory framework for dollar-pegged payment stablecoins. The House version of the STABLE bill will begin consideration on April 2. The White House hopes that the Senate version will gain enough support to push the House to pass directly and avoid the legislative negotiation process.
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