The Senate Republican Majority Leader, John Thune, went to the chamber floor on Thursday morning to make a case of moving on with stablecoin legislation – marking his first significant foray to the topic Crypto as Republicans become frustrated to keep what was once a top species’ efforts on the field.

“Stableecoins should be manufactured in the United States, but we cannot lead in innovation if there is no clarity for the Innovates,” Thune said in his speech on the Senate floor, delivered in the acquisition of an afternoon vote to promote the debate on indicative and establish national innovation for us stigecoins (Genius) who would establish an American regime to regulate stable co -The issuers.

“Americans are already using stablecoins and will continue to use them with or without legislation,” Thune argues, saying that the bill will establish protective measures against money laundering and threats to national security, in addition to protecting consumers with reserve requirements.

“Genius Act is by no means the last word about digital assets,” said the South Dakota legislator, but he characterized it as a “first step toward bringing digital assets into our financial system.”

Although many Democrats expressed earlier support for the legislation and helped move it out of the Senate’s bank committee by 18-6 voting, they have thrown high objections to moving forward focusing on President Donald Trump’s personal crypto interests and the potential conflicts made by these business bonds. Senator Ruben Gallego has been in the voice of this setback despite his close ties to the industry, supporting his Senate campaign from 2024 with $ 10 million in advertising paid by an associated Crypto-supported Fairshake Political Action Committee.

Senate steaming towards a at. 13.45 Thursday so-called coagulation reconciliation, which would open the debate in the legislation-one back and forth, which in itself could occupy days of flooring time. But the next step would need more Democrats to pass the required margin of 60 votes. Alongside Galego, several of the Democrats who voted for the Bill of the Committee said they would oppose the coagulation vote.

Thune made the case that the Democrats should allow the bill to move to the stage so that the changes they want can be brought out in the open air.

Legislators and employees in the Senate worked overnight in the early hours of Thursday, which field additional concerns from democratic members, leaving some expressed doubt as to how successful the vote will be about what is now the sixth version of this stablecoin bill.

The House of Representatives has worked on a similar bill that eventually had to merged with this one before it can be allowed, but the Senate has long been the bottleneck to promote crypto bills, and it promises to be the more difficult place to clear the efforts of the industry.

“We have the opportunity to move the ball forward today,” Thune said. “I urge my colleagues to take it.”

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