Very important development for crypto currencies: Democrats and Republicans in the US reached an agreement in principle!

Republican and Democratic Senators in the US Senate, which have been the subject of discussion for a long time Crypto para The regulation reached an agreement on the Genius law. According to information based on three sources, the agreement was achieved at this afternoon at the US clock.

However, the final text of the bill has not yet been published and the Senate Democrats demanded additional time to inform the members. However, the Republicans insist on voting this week.

The GENIUS law aims to create a new regulatory frame for crypto currencies called “stablecoin ılan fixed to assets such as US dollar. The draft law, which was supported by the Senate Banking Committee in March with the support of both parties, has started to lose its support among the democrats in recent weeks. The main reason for this is the increasing concerns about President Donald Trump and his family’s business connections in crypto money.

Weeks after the law passed through the committee, an Abu Dhabi -backed company will invest billions of dollars in the crypto company called World Liberty Financial, known to belong to the Trump family. This agreement predicts the company to purchase a $ 2 billion stablecoin and use it to invest in the Binance Exchange. The development in question caused serious concerns between the democrats.

The Democrats call for a new arrangement that prohibits the purchase and sale of crypto assets of elected authorities and their families.

*It is not an investment advice.