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Senate Stablecoin Bill Faces Hurdles as Congressional Deadline Looms
Senate Stablecoin Bill Faces Hurdles as Congressional Deadline Looms
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Bipartisan efforts to advance stablecoin legislation in the U.S. Senate have stalled, despite initial momentum. House Republicans recently released a discussion draft for a market structure bill, but attention has shifted to the upper chamber where progress has hit an impasse.
The legislative push comes amid growing pressure to regulate stablecoins and crypto markets before Congress’s August recess. Key figures including David Sacks, the crypto and AI czar, have emphasized the urgency of these measures during recent press conferences with congressional committee chairs.
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