The U.S. House of Representatives Financial Services Committee passed the "Stablecoin Payments Clarity Act." The bill will go to the House of Representatives for a vote.

At around 10:00 Beijing time on the 28th, the Financial Services Committee of the U.S. House of Representatives tweeted that the relevant stable currency bill passed the committee’s review. This is also the second bill passed after the market structure bill passed the committee yesterday.

But this is far from the end. After that, the bill still needs to go through the House of Representatives to vote, the Senate to vote and the President to sign.

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