4 days ago · WASHINGTON—United States Senators Bill Hagerty (R-TN), a member of the Senate Banking Committee, Tim Scott (R-SC), Chairman of the Senate Banking Committee, Kirsten Gillibrand (D-NY), and Cynthia Lummis (R-WY) today introduced the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, legislation to establish a clear regulatory framework for payment stablecoins ...

4 days ago · February 04, 2025 Scott, Hagerty, Lummis, Gillibrand Introduce Legislation to Establish a Stablecoin Regulatory Framework. Washington, D.C. – Today, Chairman Tim Scott (R-S.C.) joined Senate Banking Committee members Senators Bill Hagerty (R-Tenn.) and Cynthia Lummis (R-Wyo.), as well as Senator Kirsten Gillibrand (D-N.Y.), in introducing the Guiding and Establishing National Innovation for ...

3 days ago · The opening shot is being been fired in the new Congress' crypto push with a plan for a Tuesday introduction of a stablecoin oversight bill from Senator Bill Hagerty. The legislation would set up ...

2 days ago · Senator Bill Hagerty introduces the GENIUS Act, creating a regulatory framework for payment stablecoins and enhancing US dollar dominance. Stablecoin issuers with market value above $10 billion face Federal Reserve oversight, while …

2 days ago · Senator Bill Hagerty (R-TN) said, “From enhancing transaction efficiency to driving demand for U.S. Treasuries, the potential benefits of strong stablecoin innovation are immense. We need legislation that establishes a safe and pro-growth regulatory framework that will unleash innovation and advance the President’s mission to make America ...

Oct 10, 2024 · WASHINGTON—United States Senator Bill Hagerty (R-TN), a member of the Senate Banking Committee, today released a discussion draft of legislation that establishes a clear regulatory framework for the regulation and supervision of stablecoin issuers.

3 days ago · 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. This signals clear regulations and a massive boost for stablecoin adoption in the U.S.

Oct 11, 2024 · Sen. Bill Hagerty built on Patrick McHenry’s 2023 stablecoin bill with the Clarity for Payment Stablecoins Act of 2024, which introduces state-level regulatory options and...

To provide for the regulation of payment stablecoins, and for other purposes. 3 SECTION 1. SHORT TITLE. 5 Stablecoins Act of 2024’’. 6 SEC. 2. DEFINITIONS. United States Code. Board of Governors of the Federal Reserve System. means the Comptroller of the Currency. 4(a)(7). means the Federal Deposit Insurance Corporation. ledger.

Oct 14, 2024 · Senator Bill Hagerty (Republican-Tennessee) introduced a new stablecoin bill last week, which aims to bridge the divide that has stymied past efforts to pass stablecoin legislation. Stablecoins...