According to a recent report By Politico, the legislation very exempt from Stablecoin will have a full vote of the Senate in May.
The report, which quotes an anonymous source, says that the head of the majority of the Senate, John Thune, intends to hold a vote before the Memorial Day (May 26).
The senatoric banking committee adopted legislation last March, several Democrats voting against it.
The legislation aims to introduce clear rules for banking institutions and cryptocurrency companies who wish to engage in the issuance of stables.
In order to create pointed cryptocurrencies in dollars, these transmitters should ask for licenses.
The draft differences also presents reserve requirements for the program to ensure that tokens can be exchanged for real hassle dollars.
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However, the bill was criticized by the Senator of Massachusetts, Elizabeth Warren, because she thinks she does not protect consumers enough.
Despite a certain opposition from certain left -wing Democrats, the bill should always obtain bipartisan support.
This would mark a major victory for the cryptographic industry, which claims the rules of Stablecoin.
In the meantime, Stablecoins are gaining more importance. The giant of the Fidelity investment funds will plan to enter the booming sector.
As Reported by U.TODAYCrypto Mogul Mike Novogratz recently predicted that Stablecoins could replace the exchange market (FX) in just five years.
