Progress on US Crypto Assets Bill: The chances of the GENIUS bill passing in August have greatly increased.

[Coin World] According to Caijing magazine, scholars in the U.S. have stated that Trump has "exhausted" his political resources in the pressure process of the "Great and Beautiful Act", and if the same approach is taken in the legislation for stablecoins, there is not much balance left. In addition, several senior legal professionals in the U.S. told Caijing that, due to the timely passage of the more important "Great and Beautiful" Act, the likelihood of passing the "GENIUS Act" on schedule before August has greatly increased. However, they also believe that if the "GENIUS Act" is forced to be bundled with other market structure bills, it will bring great uncertainty to the review process. If it cannot be smoothly passed before the summer recess of Congress, the earliest the bill can be passed would be late September or early October, as Congress will not reconvene until early September.