US Senators Introduce Bipartisan Bill to Regulate Stablecoins

Description

Lawmakers in the U.S. Senate have introduced a bipartisan bill they hope will create a clear regulatory framework for stablecoins. The legislation seeks to establish straightforward licensing standards, ensure consumer protection, and support financial innovation in crypto. Establishing a Regulatory Framework Known as the GENIUS Act , short for the Guiding and Establishing National Innovation for U.S. Stablecoins, the bill was introduced by three Republican Senators, Bill Hagerty, Tom Scott, and...