U.S. Senate Banking Committee Advances Stablecoin Bill with Bipartisan Support; Full Senate Vote Next

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Under President Trump’s encouragement for the crypto sector, the U.S. Senate Banking Committee has successfully pushed forward a bill regulating stablecoins. This marks a significant move towards having the legislation reach President Trump’s desk for his signature. The bill cleared the committee with an 18-6 vote, benefitting from the support of five Senate Democrats who …