Senate Republicans Aim to Pass Stablecoin Legislation This Week

According to PANews, U.S. Senate Majority Leader John Thune announced on Monday that Senate Republicans are striving to pass a significant stablecoin bill this week. The legislation aims to establish new regulations for digital tokens pegged to the U.S. dollar. Thune emphasized the ongoing efforts to find a path forward for amendments, with the goal of bringing the bill to a full Senate vote this week. On Monday, Thune filed a motion to end debate on the bill, with a procedural vote on the motion expected as early as Wednesday. Republican leaders have been seeking an agreement on amendments to expedite the final voting process. However, progress has been hindered by Kansas Republican Senator Roger Marshall's push for a vote on controversial legislation targeting credit card swipe fees.