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U.S. moves closer to embracing crypto with new stablecoin law

U.S. moves closer to embracing crypto with new stablecoin law

The U.S. House of Representatives is on track to pass major crypto legislation, including a framework for regulating stablecoins: cryptocurrencies pegged to the U.S. dollar: after intense negotiations this week. Lawmakers were scheduled to meet Thursday to vote on two key bills: one focused on stablecoins, and another setting broader rules for the crypto industry. […]