Senate passes stablecoin regulation bill

Regulatory Landscape - Senate passed a major stable coin bill with strong bipartisan support, vote was 68-30 [1] - The bill sets the rules of the road for stable coins [1] - The bill now moves to the House, where it faces questions regarding its movement [1] Legislative Differences - House version of the stable coin bill differs in terms of federal oversight and treatment of foreign issuers [2] - House aims to move stable coin legislation alongside a more complex market structure bill for digital assets [2] Market Outlook - There is momentum and willingness to finalize stable coin legislation [2]