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Senate

Thune to plow ahead with stablecoin bill despite Democratic opposition

By David Sivak
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Republicans will bring bipartisan stablecoin legislation to the Senate floor despite last-minute opposition from a bloc of crypto-friendly Democrats.

The Senate will hold a procedural vote later this week on the GENIUS Act, a spokesperson for Majority Leader John Thune (R-SD) confirmed on Monday, after nine Democrats demanded “additional improvements” to the bill on Saturday.

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Chuck Schumer Congress Cryptocurrency John Thune Washington D.C.