On March 22, according to Bloomberg, the US House Financial Services Committee is expected to consider a landmark stablecoin legislation on April 2, which is a priority for President Donald Trump and the cryptocurrency industry. According to sources familiar with the matter, the bill is expected to pass the committee. The development marks a significant increase in the crypto industry's influence in the U.S. Congress, thanks to bipartisan support from key Democrats such as New York Senator Kirsten Gillibrand, as well as record campaign spending that helped defeat industry rivals and elect allies.