Republican Senator Introduces Bill to Regulate Stablecoins—What You Need to Know

TL;DR Senator Bill Hagerty seeks to establish a favorable regulatory framework for stablecoins in the U.S. The proposal requires stablecoins to be backed by dollars, Treasury bonds, and Federal Reserve notes.  The project aims to position the U.S. as the global epicenter of crypto-innovation by establishing a clear and transparent infrastructure for the development of ... source: https://crypto-economy.com/republican-senator-introduces-bill-to-regulate-stablecoins-what-you-need-to-know/