A major crypto bill – the law on engineering has just adopted a key procedural vote on May 19, and now he heads for the complete approval of the Senate, perhaps from May 20. If this stabing bill becomes law, the crypto will not stabilize, it could explode.
Large projects like XRP and Bitcoin could increase rapidly, while the weakest could disappear. This bill is not only rules. It could reset all the cryptographic space.
Why the act of genius is a big problem
The engineering law establishes strict rules for stablescoins in the United States.
But things have changed by May 19. After adding stronger rules, the bill adopted a key vote with support 66-32.
Meanwhile, the updated bill requires that the stablecoins have a complete 1: 1 Fiat support, monthly audits and clear buyout rules. This will help eliminate shady or risky parts and make stables safer for the two regular users with $ 1 billion institutions.
What comes next?
Room of Representatives – The bill is settling in the House, where the debate could focus on the Trump medal, DEFI rules and consumer protection.
Reconciliation (if necessary) – If the room changes the bill, the two chambers must agree on a final version.
Trump’s signature – Trump should sign it, especially since he supports stable rules and supports USD1.
Implementation – Includes 100% reserve support, monthly audits, Fed / OC monitoring and stricter rules for stable issuers of more than $ 50 billion.
XRP’s secret advantage in this bill
Stablecoins are a key element in the world of cryptography. Although XRP is not a stablecoin, it could benefit a lot of stronger stablecoin rules.
XRP is mainly used for cross -border payments, which require fast and smooth money transfers. Confidence stablecoins facilitate and more reliable of these transactions.
Thus, the more we have stable and the more sure they are, the more the XRP is useful for banks and world payments.
