Work is also underway in the House to regulate stablecoins. Though the GENIUS Act is not a companion to the House's version, lawmakers say it shows an effort among Republicans to work on key issues.
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Senate Banking Committee votes to advance stablecoin bill, collecting support from both Democrats and Republicans
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GENIUS steblecoin act, after approval by the Senate Banking Committee, now awaits approval by the full Senate, while another stablecoin bill is being worked on in the House, with both versions expected to be eventually merged
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