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WASHINGTON (AP)The Senate has voted to move forward with legislation to regulate a form of cryptocurrency called stablecoins, two weeks after Democrats The U.S. Senate voted to move ahead on stablecoin legislation Monday night, removing a procedural barrier to ultimately passing the bill out of the body entirely. On Ap, US Senator Patrick Toomey of Pennsylvania, the ranking member of the US Senate Banking Committee, introduced the Stablecoin TRUST Act, which would create a In April 2025, Senator Toomey proposed the “Stablecoin Transparency of Reserves and Uniform Safe Transactions (TRUST) Act,” the first Senate bill to establish a A leading member of the Senate Banking Committee introduced a bill Wednesday to create a three-pronged regulatory framework for stablecoin issuers in the U.S. Stablecoin legislation advanced on the Senate floor Monday in an early win for the crypto industry, but the bill is expected to face a lengthy amendment process that will o Establishes a new federal license designed specifically for stablecoin issuers; o Preserves the state-registered money transmitter status for most existing stablecoin Stablecoin legislation overcame a procedural blockade in the US Senate, marking a major victory for the crypto industry after a group of Democrats dropped their

US Senator Patrick Toomey Proposes Stablecoin TRUST Act: Shaping Cryptocurrency Regulation

The future of stablecoins in the United States is taking shape as lawmakers grapple with how best to regulate this burgeoning sector of the cryptocurrency market. At the forefront of this discussion is the “Stablecoin Transparency of Reserves and Uniform Safe Transactions (TRUST) Act,” proposed by US Senator Patrick Toomey of Pennsylvania in April 2025. As a leading member of the Senate Banking Committee, Senator Toomey's initiative represents a significant step towards establishing a clear regulatory framework for stablecoin issuers.

WASHINGTON (AP) – The Senate has voted to move forward with legislation to regulate a form of cryptocurrency called stablecoins, two weeks after Democrats… This development highlights the growing momentum behind stablecoin regulation on Capitol Hill.

The U.S. Senate voted to move ahead on stablecoin legislation Monday night, removing a procedural barrier to ultimately passing the bill out of the body entirely. This procedural win signals broad interest in addressing the regulatory uncertainties surrounding stablecoins.

Key Provisions of Senator Toomey's Stablecoin TRUST Act:

  • Establishes a new federal license designed specifically for stablecoin issuers: This federal license aims to provide a consistent and transparent regulatory standard for companies issuing stablecoins.
  • Preserves the state-registered money transmitter status for most existing stablecoin: The Act acknowledges the existing state-level regulations and aims to integrate them into the broader federal framework.

Senator Toomey introduced the Stablecoin TRUST Act on Ap, as the ranking member of the US Senate Banking Committee. His bill aims to create a three-pronged regulatory framework for stablecoin issuers in the U.S., emphasizing transparency and consumer protection. It is the first Senate bill to establish a comprehensive stablecoin regulatory environment.

Stablecoin legislation overcame a procedural blockade in the US Senate, marking a major victory for the crypto industry after a group of Democrats dropped their… opposition. This signifies growing bipartisan support for finding a workable solution to stablecoin regulation.

While stablecoin legislation advanced on the Senate floor Monday, it is expected to face a lengthy amendment process that will… further refine the details of the final bill. The debate surrounding Senator Toomey's proposal is likely to continue, shaping the future of stablecoins and the broader cryptocurrency landscape in the United States.

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