US Stablecoin Bill Negotiations Wrestled Over Digital Dollar Approval: Source

“We do not see a path for Congress to enact stablecoin legislation this year as the Senate is far behind the House on this issue,” said Jaret Seiberg, an analyst with Cowen, in a Wednesday research note. “If the House votes, it will create a foundation for early action next year in the House regardless of which party controls the chamber.”

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