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Senate Stablecoin Bill Advances Amid Bipartisan Efforts
Senate Stablecoin Bill Advances Amid Bipartisan Efforts
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House Republicans have introduced a discussion draft for a market structure bill, but the spotlight this week shifted to the Senate. A bipartisan push to advance stablecoin legislation faced significant hurdles, despite the looming deadline of the August recess.
The press conference featuring crypto and AI czar David Sacks, alongside chairs of the House and Senate committees, underscored the urgency. Stablecoin and market structure bills remain the focal points for Congress this year, with expectations high for legislative action before the recess.
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