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The US stablecoin bill may be passed on May 26, having removed provisions targeting the Trump family.
[The U.S. Stablecoin Act may pass on May 26, having removed provisions targeting the Trump family] The U.S. Senate plans to pass the “National Innovation Stablecoin Guidance and Establishment Act” (GENIUS Act) as early as May 26, which aims to establish a federal regulatory framework for stablecoins. Previously, Democrats had blocked its advancement on May 8 out of concern that the bill could allow former President Trump and his family to benefit from encryption projects. To reach a Consensus, the bill has removed relevant provisions targeting the Trump family.