Circle and BitGo, among other stablecoin issuers, may need to obtain federal or state charters under two bills advancing in Congress that aim to create a regulatory framework for stablecoins, prompting firms to explore national trust and industrial bank licenses

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Proposed laws would require stablecoin issuers to obtain charters, prompting firms to explore trust and industrial bank licensing options

Congress advances a pair of bills that would establish a regulatory framework for stablecoins, which let people easily trade in and out of more volatile cryptocurrencies. The legislation would require stablecoin issuers to have charters or licenses from regulators

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