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US Senate Committee Advances STABLE Act Bill to Regulate Stablecoins

  • The US Senate Committee advanced the STABLE Act bill with 32 votes in favor out of 49.
  • The bill aims to bring clear regulatory policies for stablecoins and received support despite potential challenges from Donald Trump's involvement in the crypto industry.
  • The STABLE Act bill focuses on creating a regulatory framework for dollar-denominated stablecoins, and the passage of the bill is seen as a significant step forward in regulating the broader crypto industry.
  • The next step for lawmakers is to propose a clear regulatory framework for the broader crypto industry, ensuring the US remains competitive in the global crypto adoption.

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