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On June 17, the US Senate approved a bill on the regulation of stablecoins, aimed at strengthening the country's position in the cryptocurrency industry. The document, drafted by Senator Bill Hagerty, was adopted in six weeks. In the final vote, 68 senators supported the initiative, while 30 opposed it. According to Hagerty, the law will allow the United States to move closer to leadership in the global crypto market. After its adoption, users will be able to make payments almost instantly, eliminating delays that previously could have reached several days or weeks. The draft has now been submitted to the House of Representatives, where amendments are likely to be proposed. However, no major changes in its content are expected. The adoption of this law can significantly increase the popularity of stablecoins in the United States. A clear legislative framework encourages companies to issue their own coins. Against this background, the volume of transactions using stablecoins could reach $3.7 trillion by the end of the decade.
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ForexMart is authorized and regulated in various jurisdictions.
(Reg No.23071, IBC 2015) with a registered office at First Floor, SVG Teachers Co-operative Credit Union Limited Uptown Building, Corner of James and Middle Street, Kingstown, Saint Vincent and the Grenadines
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