Senate Republicans Aim to Pass Stablecoin Bill This Week

The U.S. Senate is aiming to pass a major stablecoin bill this week, according to news sources. Senate Majority Leader John Thune announced on Monday that his chamber will focus on advancing legislation regulating digital currencies pegged to the U.S. dollar. Thune highlighted ongoing efforts to find a pathway forward for amendments, with the goal of getting the bill to a full Senate vote before the week ends. He filed a motion to end debate on the bill, paving the way for a procedural vote expected as early as Wednesday. Republican leaders are seeking an agreement on amendments to expedite the final voting process, but progress has been hindered by Senator Roger Marshall’s efforts to pass legislation addressing credit card swipe fees, which is facing its own challenges and delays in approval.