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The US Senate has planned its final vote for the Act on Engineering for June 17, while Securities and Exchange Commission (SEC) performs a series of crypto rules that have been proposed under the Biden administration.
The official website of the Senate Democrats revealed the scheduled date in a notice yesterday. The exact period of the vote will be decided later by the majority leader in consultation with the Democratic leader, added the opinion.
The act of genius could give the stable clarity at birth in the United States
THE Genius aims to establish a legal and regulatory framework for stablecoins.
This framework understands stable issuers to completely support their tokens with American dollars or similar liquid assets, requiring annual audits for issuers with more than $ 50 billion in market capitalization and the addition of compliance guidelines for issuers outside the United States.
🚨Just in: The Senate will vote on the final adoption of the Act on Engineering Tuesday, TBD time. pic.twitter.com/d9e8wiv4ca
– Eleanor Terrett (@elean branch) June 12, 2025
The final vote is scheduled to come after the Senate voted for the bill on June 11, preparing it for a final vote. If the bill adopts, it will head to the House of Representatives.
The Senate and the Chamber, which proposed its own stable The legislation must achieve consensus on their respective bills. Currently, the bills proposed differ on issues such as the regulation of states and federals of stablecoin issuers, as well as the surveillance of foreign issuers such as TETHER.
Dry scraps crypto rules of the time of biden
As the engineering law progresses, the SEC has also announced that it will cancel the rules proposed by former anti-Crypto president Gary Gensler.
Yesterday, the agency said It was a question of “withdrawing certain proposed regulation opinions” which were issued in peopleler between March 2022 and November 2023.
Down Va 3B16, qualified guardian and all other unfinished people’s rules. @secgov I have just published final opinions which cancel them all.
– Paulgrewal.eth (@iampaulgrewal) June 12, 2025
Among the 14 rules that were removed by the dry was Rule 3b-16. He would have expanded the definition of “exchange” to include the protocols DEFI and tighten the standards of guarding cryptography for the advisers in placement.
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