Summary of Key Points:
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Senate Banking Committee Vote: The Senate introduced a major crypto bill that proposed creating a regulatory framework for stablecoins. This bill was recently voted 18-6, a significant milestone having both the committee and other members appearing optimistic for the legislative process to advance.
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Post-Vote Implications: If the bill is eventually passed, it is expected to establish a split regulatory structure, distinguishing between state and federal oversight of issuers and imposing specific regulations on depositors and financial institutions.
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Community Support: Although the measure has drawn attention from both Democrats and Republicans, the appearances of critical Democrats like Senator Kirsten Gillibrand suggest strength in support.
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Opposition fromiệnícioos and Anti-Money Launderingogs: On one hand, formerprecedented criticism by Democratic Pitcher-in-Cells, Elizabeth Warren, who opposes the bill. On the other, however, she remains opposed to any significant changes. The bill faces significant competition, with Senate floor votes likely not securing the hardline Democrats’.
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House Progress: Still, stablecoin legislation hasn’t moved into the House. However, a recent House into the Financial Services Committee suggests that resolution of the ahead-sought draft is on the horizon, likely by the end of the year.
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Flow of Resources: Time for Congress to move forward is critical. However, challenges like prolonged inter-chamber negotiations or delays in getting on floor could delay passage. Typically, this would be by the end of August.
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Expected Timeline: If successful, stablecoin legislation is likely to emerge by the end of July, though realistically by the fall. Contextual factors like competing priorities and complexities in legislative calculus are anticipated delays.
- 本次过程中的关键点： 在这一过程中，重点在于.wait时间是否能被模块化，以便在关键 congress 情况中为稳定币立法找到时间 slot。
