Sen. Hagerty to introduce stablecoin legislation: Bloomberg
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https://www.theblock.co/post/338788/sen-hagerty-to-introduce-stablecoin-legislation-bloomberg
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Senator Hagerty introduced GENIUS Act to regulate stablecoins
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The bill also would require firms that issue stablecoins to release audited reports monthly
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The bill advanced out of the Republican-led committee last year but has not gained much traction. At the time, Waters called the bill "deeply problematic" due to a provision that allows state regulators to approve stablecoin issuances without Federal Reserve input.
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