House Republican Caucus Delays US Stablecoin Bill Amid Trump Intervention

The GOP has lifted its blockade on crypto bills, paving the way for a House vote on Trump-supported measures, including a stablecoin bill.

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Summary

The Republican Party has concluded a two-day blockade on cryptocurrency legislation, enabling the House to vote on stablecoin measures supported by former President Trump. House Speaker Mike Johnson stated that leadership managed to persuade members to advance the stablecoin bill after ensuring a ban on Federal Reserve-issued digital currency would be included later this year. Trump reportedly expressed satisfaction with these developments.

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