
Phyrex|Jun 17, 2025 19:09
I am currently following up on the progress of the stablecoin bill. Even if the GENIUS bill is passed in the Senate, it is only the first step in the legislative process and still needs to be reviewed by the House of Representatives. And the bill itself was drafted by the Republican Party, with strong push from Trump and his pro market camp behind it.
According to the current schedule and historical experience of Congress, it is expected to take another 2 to 3 months from the Senate's approval to the House of Representatives' completion of deliberation, and then to the President's signature. If the process goes smoothly, legislation is expected to be completed in the third quarter of this year. If there are any amendments to the articles or disputes within the party, it is not ruled out that it will be delayed until the end of the year or even early next year.
Therefore, the current Senate approval is more of a strong policy signal, and there is still a process before it is truly implemented as federal law.
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