U.S. Stablecoin Regulation Progress May Continue Despite Recent Hurdles

Despite recent setbacks, there is hope that U.S. legislation aimed at regulating stablecoin issuers might advance soon. According to Foresight News, Republican Senator Bill Hagerty and Democratic Senator Kirsten Gillibrand have both expressed optimism about the potential for the Guiding and Establishing Nationwide Innovation for U.S. Stablecoins Act (GENIUS) to move into the debate and approval phase next week.