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Senate Stablecoin Bill Advances with Revised Draft, Key Concessions Made
Senate Stablecoin Bill Advances with Revised Draft, Key Concessions Made
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Progress on the Senate’s stablecoin legislation has emerged after days of uncertainty, with pro-crypto Democrats securing concessions from Republican counterparts. A newly negotiated draft of the bill, reviewed by Decrypt, includes updated provisions on national security, ethics, Big Tech, and foreign issuers. The bill could face a vote as early as next week.
While the revised language addresses critical concerns, questions remain about enforcement mechanisms. The legislation’s fate remains intertwined with political dynamics, including potential implications for former President Donald Trump.
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