Stablecoin Legislation Progressing in the US

Representative Patrick McHenry, one of the leading figures in the US Congress, stated that there could be significant progress in stablecoin legislation before the elections. McHenry explained that Congress is moving towards establishing a legal framework for cryptocurrencies and that this would reduce uncertainty for the crypto industry. Two-Party Approach to Progress McHenry announced that a stablecoin bill supported by both Democrats and Republicans in Congress is ready for a vote. It was emphasized that this step indicates clearer regulation for the crypto asset industry. McHenry also stated that Congress is optimistic about providing regulatory clarity for the crypto asset industry this year. He pointed out that the likelihood of the bill passing has increased recently and has gained strength before the elections. Crypto Industry and the House of Representatives Political games and leadership changes within the House of Representatives are affecting the future of the crypto industry. McHenry said […]

Stablecoin Legislation Progressing in the US

Representative Patrick McHenry, one of the leading figures in the US Congress, stated that there could be significant progress in stablecoin legislation before the elections. McHenry explained that Congress is moving towards establishing a legal framework for cryptocurrencies and that this would reduce uncertainty for the crypto industry.

Two-Party Approach to Progress

McHenry announced that a stablecoin bill supported by both Democrats and Republicans in Congress is ready for a vote. It was emphasized that this step indicates clearer regulation for the crypto asset industry.

McHenry also stated that Congress is optimistic about providing regulatory clarity for the crypto asset industry this year. He pointed out that the likelihood of the bill passing has increased recently and has gained strength before the elections.

Crypto Industry and the House of Representatives

Political games and leadership changes within the House of Representatives are affecting the future of the crypto industry. McHenry said that the newly appointed Mike Johnson could have a significant impact on crypto regulations at present, but uncertainties persist.

Figures such as Senator Cynthia Lummis and Senate Majority Leader Chuck Schumer are hopeful and ready to provide the necessary support for legislation.

Crypto industry representatives from Coinbase gained support in their ongoing legal battles with the SEC. Coinbase, which advocates for more specific approaches to regulations by the Securities and Exchange Commission, received support from various organizations.

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