$BASE
StableSnapshot Window: 2026-07-18 07:00 UTC · ← Back to Crypto Overview
Social Momentum Summary
Total Engagement - Comments: 35, Retweets: 0, Likes: 32, Impressions: 922
Verbatim Community Citations & Social Evidence 1 source posts analyzed
Having stablecoins without a regulatory framework for the crypto market is like having a mobile phone without a mobile network: there’s no ecosystem to support it. The Chairman of the House Financial Services Committee, French Hill, emphasized the urgency of passing the [Spoken audio]: Well, Maria, we're here at Federal Hall in New York today to hold a field hearing to commemorate that one-year anniversary of passing clarity with 78 Democratic votes last summer. I want to commend Senator Lamas, Senator Scott and many others on both sides of the aisle that have been trying to get clarity through the Senate. I think we're on the cusp of doing that. This is, as Cynthia said, a key time. I'm so pleased John Thune, the leader in the Senate, has set a date to bring this bill to the floor. We've done four years of work on this under the leadership of former chairman Patrick McHenry, Brian Stile, who you just had on has done a marvelous job this Congress, and it's time to close the deal. We need to get clarity in place because of a key point I always make. If you have genius and dollar-back stable coins, which we have, signed into law by President Trump last July, but you do not have a market framework, market structure bill, then you have, like, passed the authorization to have a cell phone, but no cell network. There's no ecosystem to support the use of that cell phone. So that's what I think that is so critical that we get the companion legislation, framework legislation, completed to be married then to the implementation of genius for dollarback stablecoins.
