House leaders, when GENIUS bill reaches the House, will have to decide whether to merge it with their own stablecoin bill called STABLE Act, or advance it as a standalone bill
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When the stablecoin bill is forwarded to the House, that leaves key decision in the hands of leaders there, whether to pair the GENIUS Act with the market structure effort, or to pursue it either as a straight-up vote on the Senate's version or a more complex process of melding the Senate's language with legislation already in the works in the House. Whatever happens, the House will need to match the Senate's approval at some point before a stablecoin bill can move to the president's desk to be signed into law
When the GENIUS Act moves to the House of Representatives, lawmakers there will need to decide how to handle it. They could vote on the Senate version directly, combine it with their own market structure bill, or make changes before moving forward.
The companion bill to regulate stablecoins in the House, the STABLE Act, was still under consideration by the Financial Services Committee as of May
If the GENIUS Act passes the Senate, its path is less clear in the House of Representatives, where the House Financial Services Committee has advanced its own stablecoin legislation, the Stablecoin Transparency and Accountability for a Better Ledger Economy Act, out of its committee 32-17 in May
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