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According to a recent report by CoinDesk, U.S. President Donald Trump has called on the House of Representatives to expedite the approval of the stablecoin regulation bill that the Senate recently passed. However, French Hill, Chairman of the U.S. House Financial Services Committee, emphasized that critical details remain unresolved. As a prominent advocate for stablecoin legislation, Hill highlighted that House members are not yet prepared to forgo their proposed amendments to the Senate’s version of the bill. Discussions between House leadership and lawmakers continue as they work to reconcile differences between the Senate-approved text and the House draft. This legislative process underscores the complexity of establishing a comprehensive regulatory framework for stablecoins, reflecting the broader challenges in integrating digital assets into the existing financial system.
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