The White House plans to submit the stablecoin bill to the Senate for review next month

ChainCatcher news, according to Crypto In America, the White House plans to submit the stablecoin bill to the Senate for review in April.

It is reported that President Trump's digital asset working group urged Senate leaders to bring the bill to debate. This legislation establishes a regulatory framework for payment stablecoins (cryptocurrencies pegged to the dollar) and successfully passed the Senate Banking Committee on March 13 with a vote of 18 to 6, marking an important step forward in the ongoing efforts to create clear road rules for stablecoins.

The White House stated that if the Senate version of the stablecoin bill receives sufficient support, it may be signed into law in its current form.