The bill seeks to create a predictable regulatory environment for stablecoins. Proponents say that federal regulation would lend legitimacy to the asset class that could lead to broader adoption.
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Stablecoin legislation pushed as Trump sets crypto-friendly agenda
“My legislation establishes a safe and pro-growth regulatory framework that will unleash innovation and advance the President’s mission to make America the world capital of crypto,” Hagerty, a Tennessee Republican, said in a statement.
