GENIUS Act Vote in Two Weeks as Coinbase Lobbies to Delay Standalone Stablecoin Bill, House Prepares FIT21 Draft

🚨SCOOP: Chair of the @FinancialCmte @RepFrenchHill tells @CryptoAmerica_ that the House “spent a good part of Easter break working on seeking technical assistance from industry, the SEC and the CFTC” for an updated draft of the FIT21 market structure bill. He says a discussion

Rep. Mike Haridopolos, R-Fla., the House Financial Services Committee’s whip, tells @kadiagoba that two major cryptocurrency bills should be “married up” together before they go to the House floor for a vote. #WorldEconomySummit https://t.co/NaBFgl0Kkj

🚨NEW: The Senate is likely putting its stablecoin bill to a vote in the next two weeks, sources tell me, and Coinbase is lobbying to prevent the bill from passing on its own, bc the company worries lawmakers may not have the appetite to pass a market structure bill later on if https://t.co/bDgeK9Irw5

Unreal that Coinbase is lobbying to prevent the bill from passing. Who would have thought ChokePoint 3.0 would come from an American Based Exchange https://t.co/USBsj3X0Q0

As President Trump’s public goal of having crypto legislation by August looms, those involved have been unable to agree on whether to prioritize passing standalone stablecoin bill or to combine it in some form with a market structure piece https://t.co/ROmGHCHVs8