Crapeto companies support the law of gender, while criticism warns against his gaps which will allow Trump to take advantage of stable currencies while supervising their regulatory frameworks.
President Donald Trump called on the House of Representatives to adopt the genus Bill without amendments and urged the legislators to deliver the law to his office to sign it “as soon as possible”, when a publication participated Thursday to celebrate the Senate’s approval on the bill and warned any attempt to delay or modify it.
“The Senate has adopted a major law which will give the United States absolute leadership in the digital asset sector … and brought it to my office as soon as possible – without delay or addition.”
This statement comes one day after the Senate adopted the gender bill with the approval of 68 votes and rejected 30, and 18 Democratic members participated in most Republicans to support this decision. The law is officially known as the “law of orientation and equipment of the national innovation of American currencies”, and it represents the first major attempt in the congress to organize stable currencies linked to US dollars.
The genus Law faces criticism of Trump’s earnings before discussing them in the House of Representatives
The House of Representatives should make a decisive decision that there is a majority of republican majority, and it is likely that party leaders will support the bill despite increasing internal tensions between its members.
The draft of the genre has failed to circumvent the initial vote in the Senate in May due to the concerns of Trump’s ties with the Cripto sector, and Elizabeth Warren participated in many important objections as one of the greatest criticisms of the bill, because he claimed the possibility of winning the president and his family for hundreds of millions of dollars in the event of approval.
For its part, the stable currency of Trump USD1 attracted investments 57 million dollars last year, and many Democrats indicated the urgent need to organize the stable development sector despite the dialectic of this stage, because the Senate Mark Warner has argued that the United States cannot remain neutral in the light of the head of other countries to clear policies; Although he previously expressed his fear of Trump’s investments in the Cripto sector.
Adopt the stable currency invoice despite the presence of gaps with the support of sectoral companies
A federal license system for stable currency exporters will be established if the gender bill is adopted, and each currency will need full support from the US dollar at the rate of 1: 1, and the law will determine the method of using financial reserves and limit it to low -risk recovery operations such as the Treasury contract contracts, and it also imposes a state of procedures in place of minimum protection consumption.
Also, the Draft Law will go to the Trump Office in Order to Put the Last Signature After Its Approval in the House of Representatives, and the Large Chipto Companies Have Welcomed This Legislation, As Many parts Spent Millions of Dollars in Washington to Draw the Laws of Digital Assets, BUT Critics Believe that Important gaps, as it is forbidden for Members of Congress and their families to befit from Stable Currencies Without the President Trump and His Family, and Trump May continues as a result of stable currency when he is the one who signs the rules that organize his work.
On the other hand, some of the provisions of the law have caused criticism to prevent the issue of stable currencies that generate profits without problem, and some believe that this step protects traditional banks at the expense of freedom of innovation, and the strict conditions of the law can result in an increase in costs, and this can result in the limitation of young exporters and the emphasis on the hands of a limited group.
Finally, the momentum seems to be heading towards the approval of the bill, and Trump’s allies consider its emergency as a pressure strategy to ensure the status of policies appropriate for digital currencies, and they hope to avoid postponement due to the negotiated negotiations of the Congress and the possibility of attaching the law to a more controversial legislation of Geibo.
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