⚡️🇺🇸 Senator Hagerty introduces his stablecoin bill…

⚡️🇺🇸 Senator Hagerty introduces his stablecoin bill in the Senate.

The bill is called the GENIUS (Guiding and Establishing National Innovation in U.S. Stablecoins) Act and aims to provide clear regulations for stablecoins.

It aims to define stablecoins as digital assets indexed to the U.S. dollar.

It will establish licensing and reserve requirements for issuers.

It will also aim to support financial inclusion, transaction efficiency and dollar supremacy.