As the US Senate’s failure to advance the historic stablecoin bill, the GENIUS Act, has increasingly sparked criticism, Senator Bill Hagerty fuels optimism. In a recent X post, Hagerty claims that the Senate will pass the bill by next week. “Next week, the Senate will make history when we pass the GENIUS Act that establishes the first ever pro-growth regulatory framework for payment stablecoins,” states Bill Hagerty. Will the GENIUS Act Pass Next Week? Senator Hagerty Says Yes According to Senator Bill Hagerty, a top proponent of the GENIUS Act, the US Senate is poised to pass the stablecoin bill next week. Senator Hagerty’s statement comes amid increasing uncertainty surrounding the future of stablecoins in the country. For instance, pro-XRP lawyer John Deaton raised concerns over the potential delay in the crypto reform until 2029 if the GENIUS Act stalls. Further, Bill Hagerty underscored the potential benefits of the stablecoin… Read More at Coingape.com
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