The opening priority of the United States Congress for the cryptographic industry is to quickly finish a Stelcoin Supervision Law, and the House of Representatives has published the text of its version on Wednesday, after the steps of a recent approval of the committee of its Senate counterpart.
The Chamber version, presented by the representative Bryan Steil, who directs the cryptographic panel of the Chamber Financial Services Committee, and the representative French Hill, republican president of the General Committee, governs the way in which companies can issue digital tokens called in dollars.
The new version “will close the gap” between the efforts of the camera and the version of the Senate of the bill, Steil said during an appearance at the conference on Wednesday.
The transparency and responsibility of Stablecoin for a better economy of the main book (stable Act) “is a solid continuation of our work in digital assets in the last congress,” said Hill in a statement.
The Senate Banking Committee had already advanced its own version of the legislation with a strong bipartisan vote, so now the Senate’s floor is now considered. The representative Tom Emmer, the majority whip of the House of Representatives, which has been among the main defenders of Congress cryptography for years, said that the two bills have “some minor differences that I am sure can be solved.”
Read more: World Liberty Financial of Trump launches its stablecoin in Washington with Don Jr.
Also on Wednesday, Emmer reintroduced his law of clarity of values, which seeks to define how a cryptographic asset could be within the framework of the Securities Law. Emmer presented the bill, which was part of the innovation and financial technology last year for the Law of the 21st Century (Fit 21), together with Democratic Representative Darren Soto.
Emmer, Steil and many other legislators involved in cryptographic efforts in Capitol Hill appeared on Wednesday at the DC Blockchain summit, a cryptographic policy event organized by the digital chamber. Most of them shared hope that Stablecoin’s effort would be completed in August.
As the conference concluded, the Senate prepared to vote for the second time in a resolution of the Congress Review Law that annulled the IRS 2024 regulation that governs the decentralized finance corridors (Defi). The Senate and the Chamber have previously approved the resolution, which is expected that the president of the United States, Donald Trump, firm, but the Senate must vote on it again due to a procedure rule that requires the Chamber to vote first in matters related to taxes.
