The Senate’s Republican majority leader, John Thune, took to the chamber floor on Thursday morning to make a case for moving forward with stablecoin legislation — marking his first significant foray into the topic of crypto as Republicans grow frustrated with keeping what was once a bipartisan effort on track.
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“Stablecoins should be made in the USA, but we can’t lead in innovation if there’s no clarity for the innovators,” Thune said in his speech on the Senate Floor, delivered in the runup to an afternoon vote meant to advance the debate on the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act that would establish a U.S. regime to regulate stablecoin issuers.
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“Americans are already using stablecoins and
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