Just In: Senator Bill Hagerty Introduces Bill to Regulate Stablecoins in the US

Quick Summary:

Senator Bill Hagerty has introduced the GENIUS Act in the Senate, a bill that seeks to regulate stablecoins in the United States.

The legislation, officially called the Guiding and Establishing National Innovation for US Stablecoins Act, aims to provide a structured regulatory framework for stablecoin issuers.

This measure aims to establish federal oversight while allowing innovation in the crypto industry.

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Article Details

Author / Journalist: Kelvin Munene Murithi

Category: Crypto

Markets: IndiaUnited States

Topics: Stablecoin News Stablecoin bill 24/7 Cryptocurrency News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-04 @ 15:22:42 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 226 words

Reading Time: 2 minutes read

Sentences: 31 lines

Sentence Length: 8 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 25891522

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

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News Last Updated: 9 hours ago

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