US Senators Introduce Bipartisan Stablecoin Bill to Establish Regulatory Framework

Senators Kirsten Gillibrand and Cynthia Lummis have introduced the Lummis-Gillibrand Payment Stablecoin Act, a new bipartisan legislation aimed at creating a clear regulatory framework for payment stablecoins. The bill aims to protect consumers, promote innovation, and maintain the dominance of the US dollar while addressing concerns related to money laundering and illicit finance. (Read More)

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Next US Congress to Legislate on Stablecoin Regulation

Several bills introduced in the Senate and the House of Representatives are expected to be discussed next year.

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Algorithmic Stablecoins Could Be Banned For Two Years, According To U.S. Bill

The bill lays out a series of steps before approving the issuance and circulation of Terra-like stablecoins.

Continue reading Algorithmic Stablecoins Could Be Banned For Two Years, According To U.S. Bill at DailyCoin.com.

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Could the New House Stablecoin Bill Kill FRAX and DAI?

The legislation comes in response to the May collapse of the algorithmically-backed TerraUSD stablecoin. U.S. Proposes Stablecoin Regulation House lawmakers are taking a step toward regulating stablecoins. A new bill...

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Japan Passes Stablecoin Bill to Protect Crypto Investors

The bill comes a month after Terra's UST stablecoin collapse led to multi-billion losses.

Continue reading Japan Passes Stablecoin Bill to Protect Crypto Investors at DailyCoin.com.

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Sen. Hagerty introduces Clarity for Payment Stablecoins Act of 2024

The new bill is a refinement of Rep. Patrick McHenrys 2023 bill, which has bipartisan support.

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PayPal’s PYUSD Launch Triggers Calls For Stablecoin Bill

United States Republican Patrick T. McHenry, Chair of the House Financial Services Committee, has released a statement calling for the need to pass the Stablecoin Bill in the wake of PayPal’s launch of its own stablecoin PYUSD.  The Call For A Stablecoin Law According to the statement, McHenry believes stablecoins are the “pillar of our [...]

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