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Trump Hopes to Sign Stablecoin Legislation Bill by August

BlockBeats News, March 8th. During the first Cryptocurrency Summit at the White House, U.S. President Trump stated that he hopes to receive a stablecoin legislation bill before Congress goes on recess in August. This is to advance federal government regulatory reform on cryptocurrency and reiterate the desire for the U.S. dollar to "remain dominant in the long term."

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During the GENIUS Act legislative process, lawmakers from both parties engaged in a key game of chess on the stablecoin issue, with debate focusing on the possibility of tech giants issuing stablecoins, the business relationship between President Trump and the crypto industry, and the shortcomings of the bill in terms of anti-money laundering, among other aspects.
Prioritize Maintaining Dollar Dominance or Guard Against Rent-seeking?
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