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Cryptographic industry groups urge US legislators not to delay the Stablecoin bill As the new proposals threaten to delay their progress.
Four cryptography lobbying organizations, the Blockchain Association, the Crypto Council for Innovation, the Digital Chamber and the Defi Education Fund, a Joint declaration on June 2.
They said: “As the bill continues through the amendment process, we respectfully urge legislators to remain committed to their central objective: Provide an objective and comprehensive approach for the supervision of Stablecoin“
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The bill, known as the National Innovation Law of National Innovation for the United States (Genius), is It is expected to reach the floor of the Senate to Final debate on June 3. A procedural vote on May 19 showed that it has enough support to approve and move to the House of Representatives.
However, Senators Dick Durbin and Roger Marshall want to attach a separate bill, called Credit Card Competition (CCA)to the legislation of Stablecoin.
Its proposal would require that the main payment companies, such as Visa, Mastercard and American Express, compete more directly on the rates they charge when people make purchases. This amendment has nothing to do with cryptography, but could complicate the path of the bill.
Stablecoin’s bill was briefly Lost support Of several Democratic legislators on May 8 due to the concerns about the participation of President Donald Trump in cryptography.
On May 15, the senators eliminated the provisions related to Trump of the Genius Law to help restore bipartisan support. What did Senators say Cynthia Lummis and Kirsten Gillibrand about change? Read the full story.
Having completed a master’s degree in economics, politics and cultures of the Oriental Asia region, Aaron has written scientific documents that analyze the differences between Western and collective capitalism forms in the era after World War II.
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