Two US Senators Introduce New Bipartisan Stablecoin Legislation

Two US lawmakers unveiled on Wednesday a proposed legislation that will create a regulatory framework for payment stablecoins. In a statement, senators Cynthia Lummis (R-WY) and Kirsten Gillibrand (D-NY) say the bipartisan Lummis-Gillibrand Payment Stablecoin Act will protect consumers, enable innovation and promote the dominance of the U.S. dollar while preserving the dual banking system.... source: https://dailyhodl.com/2024/04/19/two-us-senators-introduce-new-bipartisan-stablecoin-legislation/