Just In: Senator Hagerty Introduces GENIUS Act to Regulate Stablecoins
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https://coinpedia.org/news/just-in-senator-hagerty-introduces-genius-act-to-regulate-u-s-stablecoins/
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Senator Hagerty introduced GENIUS Act to regulate stablecoins
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In a latest development, Senator Bill Hagerty is all set to introduce legislation to establish a regulatory framework for stablecoins, representing the latest effort to promote crypto-friendly policies for an industry prioritized by Donald Trump
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The GENIUS Act sets rules for issuing stablecoin payments and requires backing with US currency, Treasury bills, Federal Reserve notes and other assets
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