US Congress to consider stablecoin bill amid surging interest in cryptocurrencies

According to CoinDesk.com, the top priority of the US Congress in regulating cryptocurrencies is to finalize the Stablecoin Act as soon as possible.

On Wednesday, the House of Representatives published the text of their version of its draft, following the recent approval of its Senate equivalent. The submitted version of the bill outlines the procedure for companies to issue dollar-denominated digital tokens. 

According to Bryan Steil, a member of the House of Representatives who was involved in the presentation of the bill, the new version 'bridges the gap' between the two different drafts of the legislation.

The Senate Banking Committee has already advanced its own version, gaining bipartisan approval. The bill now moves to the Senate for consideration.

According to Tom Emmer, the Representative from Minnesota who has been advocating for the crypto industry for many years, the differences between the versions of the bill are 'minor.' In his opinion, lawmakers will be able to come to an agreement and smooth out the existing contradictions.