Senate Advances Landmark Stablecoin Legislation
TL;DR Summary
The Senate has advanced a landmark bill to establish the first U.S. regulatory framework for stablecoins, with bipartisan support, despite divisions within the Democratic Party and ongoing negotiations over amendments. The legislation, led by Sen. Bill Hagerty, aims to regulate digital tokens pegged to the dollar, and is nearing final passage, potentially as soon as Monday, amidst broader legislative activity and political negotiations.
- Landmark crypto bill moves closer to passage in Senate Politico
- Crypto Industry-Backed Stablecoin Bill Advances in US Senate Bloomberg
- Senate lines up major step toward passing stablecoin bill The Hill
- Crypto Thought They Bought Congress. They Bought a Headache. The American Prospect
- GENIUS stablecoin bill passes key vote, advances in Senate Cointelegraph
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