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Two U.S. senators, including @SenThomTillis and @BillHagertyTN, are proposing a new legislative draft for a 'Digital Asset FI' regulatory regime, as an alternative to illicit finance proposals. Sen. Gillibrand mentioned stablecoin legislation as a first step, with bill text to be released soon. This follows concerns raised by @SenWarren to @PatrickMcHenry and @RepMaxineWaters. The proposed stablecoin bill aims to promote the potential of cryptocurrencies, enable non-depository institutions to issue stablecoins, and enhance industry safety and soundness.
JUST IN: TWO U.S. SENATORS TO INTRODUCE NEW STABLECOIN LEGISLATION, AIMING TO EXPAND CRYPTO POTENTIAL AND REALIZE BITCOIN'S PAYMENT GOAL
Two U.S. senators will introduce new stablecoin legislation, hoping to unleash the potential of cryptocurrencies, realize Bitcoin's original goal as a payment tool, allow non-depository institutions to issue stablecoins, and promote the safety and soundness of the industry.…
A New Stablecoin Bill Could Be Introduced In U.S. Senate This Week https://t.co/73rY8Oq3Qn