The U.S. House of Representatives Committee will review the Stablecoin Act on April 2nd

News on March 22, according to Bloomberg, the U.S. House Financial Services Committee is expected to review a milestone stablecoin legislation on April 2, which is a priority for President Donald Trump and the cryptocurrency industry.

Insiders revealed that the bill is expected to pass in the committee. This development signifies a significant increase in the influence of the crypto industry in Congress, thanks to bipartisan support from key Democrats such as New York Senator Kirsten Gillibrand and record-breaking campaign spending that helped defeat industry opponents and elect allies.