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Thune hopes to pass stablecoin bill this week

Senate Republicans are aiming to pass landmark cryptocurrency legislation that would create new rules for dollar-pegged digital tokens this week, Majority Leader John Thune said Monday.

“We’re trying to figure out if there’s still a path forward on amendments, but the goal is to have it across the floor” this week, Thune said in a brief interview.

Thune filed cloture on the bill on Monday, teeing it up for another procedural vote as soon as Wednesday.

GOP leaders have been seeking to strike a deal on amendments that would allow them to proceed more quickly to a vote on final passage. But they have been unable to come to an agreement thus far, in large part due to a push by Sen. Roger Marshall (R-Kan.) to force a vote on controversial legislation that aims to crack down on credit card swipe fees.

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