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Thune Signals GOP Willingness to Compromise on Stablecoin Bill Ahead of Senate Vote
Thune Signals GOP Willingness to Compromise on Stablecoin Bill Ahead of Senate Vote
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Senate Majority Leader John Thune (R-SD) has indicated Republicans may accept Democratic amendments to the GENIUS Act, a pivotal stablecoin regulation bill. The concession follows opposition from nine Senate Democrats demanding stronger consumer protections. Passage requires at least seven Democratic votes to establish the first federal framework for dollar-pegged cryptocurrencies.
The legislative maneuvering highlights growing urgency as Congress approaches its August recess. market participants view regulatory clarity as critical for institutional adoption of stablecoins—assets designed to maintain parity with traditional currencies like the US dollar.
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