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Senate overrides governor's veto to allow Tinian stablecoin and offshore online gaming
Summary
The Senate voted 7-1 on April 23, 2025, to override the governor's veto of Senate Local Bill 24-01 Draft 1, authorizing a Tinian stablecoin and permitting an online gaming payment method intended for off-island markets. Lawmakers debated economic benefits, regulatory capacity and social risks before the override passed.
The Senate on April 23, 2025, voted 7-1 to override the governor's veto of Senate Local Bill 24-01 Draft 1, a measure to amend Tinian Local Law 21-09 to authorize a Tinian stablecoin/token as a payment method for an online gaming initiative aimed at off-island markets.
Supporters said the measure would help diversify local revenue without new brick-and-mortar development. Floor Leader Eric Ness moved to override the veto; the motion was seconded and carried after roll call. The clerk recorded seven members voting yes, one no and one member absent.
The debate focused on three main themes: economic diversification, regulatory capacity, and social concerns. Senator Kaulking Neighbors said the bill was revised to address prior veto points, including age…
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