The Senate Bank Commission votes in the ‘Genius’ Starble Leco -in bill this week

This week, the US Senate Bank Commission plans to restrict the stable ecoin and vote on the two party bills aimed at strengthening consumer protection.

introduction By Bill Hagerty Senator (R-TN) and Tim Scott (R-SC), genius methods try to clarify the regulatory framework. stablecoins In the United States, there are provisions dealing with preliminary requirements, audits, transparency and licenses for publishers.

If you pass through Thursday legislation As an attempt to strengthen the regulatory clarity of the industry, the United States will provide a clear path to the publisher of the STABLECOIN and further develop President Donald Trump’s encryption policy.

Senator Hagerty said in a statement: “The potential advantage of the powerful Starble Lecoin innovation is huge, from improving trading efficiency to increasing demand for US government bonds.

“My bill develops a safe and growing regulatory system that develops the president’s mission to make the United States into a world capital and develops the president’s mission.”

Through this law, the STABLECOIN issuer allows you to choose a federal or main charter based on its market capitalization. In addition, we introduce the “mutual” contract to meet foreign issuers to meet the US standards for reserves, funding prevention, sanctions and liquidity.

“Preliminary requirements and money laundry requirements are all neatly falling to RLSUD and USDC. I wrote On X on Monday, pointing to the publisher and reflecting emotions share By others in the encryption community.

He added that the bill may require the issuer to observe future orders that can be instructed to block digital assets and accounts with “prevention of payment, freezing, burns or burns or burns” or “reasonable specialty” with “or” reasonable specificity. “

This gives the authorities to control digital assets within the jurisdiction and pays additional operations to existing issuers.

One of the most important provisions of this bill is to focus on stability issued foreign countries.

These provisions argue that it can match well with US -based stablecoins such as Circle’s USDC and RLUSD in RIPPLE, which already lives in the United States and already comply with the requirements of the bill.

This can take advantage of foreign -based publishers. tether (USDT), the world’s largest stable Starble Recoin publisher by market cap Some debate You can struggle to adjust.

Current tethers Bitcoin -friendly El SalvadorWe have supported the USDT Stablecoin, which has no formal US and traditionally mixed assets. BitcoinUS Treasury bill and company newspaper.

Recently, Tether’s reserves, especially Bitcoin Holdings, may not be able to meet new standards. JP Morgan’s Report.

This can lead to liquidation in order to comply with US regulations, which can affect the ability to maintain PEG to US dollars, which can lead to some of the Bitcoin reserves.

To alleviate these concerns, the company stated The new chief financial officer must be a complete audit plan, which is critical and critical of the method of how the company manages the operation.

SIMON MCWilliams, a seasoned financial management with more than 20 years of experience, hopes to be added to the history of tethers on the verification of quarterly through the audit company BDO.

Nevertheless, it is not clear whether many people will be issued promptly to the proposed change because many people depend on the unprotected market to promote adoption and develop business as a billion dollars.

Edited by SEBASTIAN SINCLAIR