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Senator Tim Scott, Chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs, praised the vote to pass the GENIUS Act (Stablecoin) as an important step forward and has been delayed for too long in affirming the leadership role of the United States in the digital asset sector. He expressed his appreciation for the bipartisan cooperation, as many Democratic MPs returned to the negotiating table and supported this bill. The GENIUS Act will help the United States move closer to building a legal framework that both promotes innovation and protects consumers and strengthens national security.
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