US Senate Majority Leader "Stablecoin Bill, Consumer Protection And National Safety Mechanisms Prepared... Urging Bill Passage"

Taking The First Step Toward Cryptocurrency Institutionalization With The Stablecoin Bill In The US Senate (Source: US Senate)

John Thune, The US Senate Republican Majority Leader, Strongly Urged The Promotion Of The Stablecoin Bill (GENIUS Act) In The Senate Plenary Session On The 8th (Local Time). According To Coindesk, Leader Thune Pointed Out, "Stablecoins Must Be Made In America. However, Without Clear Regulations For Innovators, Global Leadership Cannot Be Maintained."

He Continued, "Americans Are Already Using Stablecoins. Even If The Law Is Not Enacted, The Use Will Continue. Therefore, A Clear Federal Regulatory Framework Must Be Established," He Emphasized. Additionally, The GENIUS Act Will Provide Safeguards Against Money Laundering And National Security Threats, Beyond Simple Consumer Protection.

Leader Thune Added, "This Bill Is Not The Last Decision For Digital Assets. Rather, It Is The First Step Towards Embracing Them Into The US Financial System," Highlighting The Necessity Of The Bill's Passage.

Meanwhile, The Senate Plans To Conduct A Cloture Vote (Debate Closure Vote) On The Bill On The Afternoon Of The 8th, And Depending On The Outcome, The Handling Of The Bill Is Expected To Become Visible. Experts See That If The Bill Is Passed, It Could Be An Important Turning Point For The US To Get Ahead In Digital Asset Regulation.