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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. […]

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