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US lawmakers are making progress on a landmark stablecoin bill after resolving key disagreements. The GENIUS Act, which aims to establish a regulatory framework for stablecoins, could soon move forward in the Senate.
- Bipartisan negotiators have resolved key disagreements on the GENIUS Act, advancing stablecoin regulation.
- The revised bill addresses anti-money laundering, consumer protection, and foreign issuer rules.
- Despite progress, some Democrats still have concerns, though the bill may soon return to the Senate floor.
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