US Lawmakers Aim for Passage of FIT21 and Stablecoin Bills Under Trump Administration

On the 17th (local time), according to the cryptocurrency-focused media outlet CoinDesk, U.S. Senate Banking Committee member Tim Scott and the upcoming U.S. House Financial Services Committee Chair French Hill are aiming to pass the 21st Century Financial Innovation and Technology Act (FIT21) and the Stablecoin bill under the second Trump administration.

French Hill stated, "There is a possibility that the cryptocurrency bill could pass this year, but it requires more than 60 votes in the Senate," adding that "bipartisan agreement is ultimately key."