US Senate Majority Leader John Thune expects to push for stablecoin bill to pass this week

According to Politico, Senate Majority Leader John Thune stated on Monday that Senate Republicans are striving to pass a landmark stablecoin bill this week, which will establish new regulations for digital tokens pegged to the US dollar. Thune stated that efforts are currently being made to explore the path of advancing the amendment, with the goal of having the bill reviewed and voted on by the entire Senate this week. On Monday, Thune submitted a motion to close the debate on the bill, and another procedural vote on the motion will be held as early as Wednesday. Republican leaders have been seeking to reach an agreement on the amendment to accelerate the final voting process, but so far have been unsuccessful, mainly due to the controversial legislative vote by Kansas Republican Senator Roger Marshall to crack down on credit card fees.