Senator Bill Hagerty pushes for stablecoin regulatory framework

Senator Bill Hagerty intends to introduce legislation on Feb. 4 to establish a regulatory framework for stablecoins, Bloomberg News reported. The bill — dubbed the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act — will outline provisions for issuing stablecoin payments and mandate that they be backed by US currency, Federal Reserve notes, […] The post Senator Bill... source: https://cryptoslate.com/senator-bill-hagerty-pushes-for-stablecoin-regulatory-framework/