The companion bill to regulate stablecoins in the House, the STABLE Act, was still under consideration by the Financial Services Committee as of May
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GENIUS stablecoin bill passes key vote, advances in US Senate
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GENIUS bill, if it passes the full Senate vote, will move to the House of Representatives for further consideration, where a similar stablecoin bill, called STABLE act, is also being prepared
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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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