Hagerty’s Stablecoin Bill Advances to Senate Vote

Senator Bill Hagerty’s stablecoin legislation has advanced in the U.S. Senate after a successful vote in the Senate Banking Committee. This bill, known as the GENIUS Act, aims to establish a regulatory framework for stablecoins and foster financial inclusion. Key figures like Senator Tim Scott and Kirsten Gillibrand have voiced their support for this crucial step toward increased regulatory clarity in the crypto space. This legislative advancement signifies a potential turning point for U.S. crypto policy, with the goal of positioning the country as a leader in digital asset innovation.