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The Stablecoin Regulatory Framework Bill Submitted by a U.S. Republican Senator Gains Further Bipartisan Support

BlockBeats News, February 21, FOX Business reporter Eleanor Terrett posted on social media, stating, "The stablecoin regulatory framework bill introduced by Republican Senator Bill Hagerty has gained more bipartisan support. Maryland Democratic Senator Angela Alsobrooks has just signed on as a co-sponsor of the bill, alongside another Democratic co-sponsor, Kirsten Gillibrand."

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During the GENIUS Act legislative process, lawmakers from both parties engaged in a key game of chess on the stablecoin issue, with debate focusing on the possibility of tech giants issuing stablecoins, the business relationship between President Trump and the crypto industry, and the shortcomings of the bill in terms of anti-money laundering, among other aspects.
The Longest and Most Contentious Vote in the History of the U.S. House of Representatives
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