Crypto market gets major win as Congress passes stablecoin bill#shorts #crypto #stablecoin

Cryptocurrency Regulation - The central issue revolves around whether the central bank can issue a cryptocurrency [1] - Concerns exist among libertarians and the House Freedom Caucus regarding the potential for a central bank cryptocurrency to track citizens' payments and violate privacy [2] - A last-minute agreement was reached to attach the prohibition on central bank cryptocurrency issuance to the must-pass defense authorization bill [2] Legislative Outlook - The market structure bill, which the House also passed, is being sent to the Senate [3] - The market structure bill has a greater chance of obtaining the 60 votes needed to pass the Senate, potentially in September or later [3]