Congress in Delicate Negotiations Over Stablecoin Regulation
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Negotiations underway in Congress on long-awaited legislation to regulate stablecoins
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Sen. Lummis says talks are "delicate" but ongoing daily between Democrats, Republicans, House and Senate
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Lummis suggests stablecoin legislation has best odds of passing this year, sees possible passage in first half of 2023
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Key sticking point remains the role of federal government vs states in overseeing stablecoin issuers
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Recent crypto developments like SEC approval of bitcoin ETFs helping build confidence and case for legislation