Chairman of the U.S. House Financial Services Committee: Both Houses Still Need to Reach Agreement on Certain Aspects of the Stablecoin Bill

Planet Daily News: U.S. House Financial Services Committee Chairman French Hill stated that before the stablecoin bill becomes law, the House and Senate still need to reach consensus on some issues. The Senate may approve its version of the bill, the GENIUS Act, as early as this week. In recent weeks, the stablecoin bill has passed through early procedural votes in the Senate Banking Committee and the Senate with strong bipartisan support. However, the bill was once delayed due to opposition from Democrats, who believed the bill did not include sufficient measures to prevent illegal activities and should prohibit public officials, including the president, from participating in such businesses.