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flag Senate advances GENIUS Act to regulate stablecoins as major banks explore joint digital currency.

flag The U.S. Senate advanced the GENIUS Act, setting the stage for regulating stablecoins, digital currencies pegged to the US dollar. flag Meanwhile, major banks like JPMorgan Chase and Bank of America are exploring a joint stablecoin to accelerate financial transactions and remain competitive in the digital asset market. flag This move could streamline international payments and reduce costs, pending regulatory approval and customer demand.

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