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Representative Marissa Flores, independent House floor leader, warned that advancing the Tinian stablecoin bill under economic pressure would revert policy to a casino-driven model and undermine responsible governance
Governor Palacios vetoed the Tinian stablecoin bill on April 11, 2025, citing “several legal issues,” potential unconstitutionality and insufficient enforcement safeguards to restrict online gambling to Tinian
The four-member Tinian delegation unanimously passed the stablecoin bill and sent it to Governor Palacios on March 12, 2025
The nine-member Northern Mariana Islands Senate overrode the veto of the Tinian stablecoin bill with a two-thirds, 7–1 vote on May 9, 2025, and the House subsequently overturned it with a 14–2 majority on May 15, 2025
Vin Armani, co-founder and CTO of Marianas Rai Corp., projected that the stablecoin framework could draw billions in crypto-sector investment and generate significant tax revenue for the territory
Republican Representative Patrick San Nicolas, a member of the Tinian delegation, endorsed the stablecoin bill as a means to establish a self-sustaining digital industry that generates licensed revenue without relying on tourism or federal subsidies

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