Published 19 days ago • loading... • Updated 16 days ago

U.S. Senate's Effort on Stablecoins Revealed in New Bill from Hagerty

Stripe acquired Bridge for $1.1 billion, marking its largest acquisition to date, aimed at enhancing its presence in the stablecoin market.
The acquisition allows Stripe to facilitate stablecoin payments, which are pegged to real-world assets like the U.S. Dollar.
Bridge's technology will help Stripe modernize its global money movement capabilities, potentially reducing costs and streamlining transactions.
Stripe's interest in stablecoins grew after a meeting with Wally Adeyemo, leading to the acquisition and a new focus on cryptocurrency payments.

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CNBC

Sen. Bill Hagerty announces new stablecoin regulation bill: CNBC Crypto World

On today's episode of CNBC Crypto World, bitcoin hovers around $100,000 after the U.S. temporarily pauses tariffs on Canada and Mexico. Republican Senator Bill Hagerty of Tennessee announces a new bill to regulate stablecoins. Plus, Ripple Labs chief legal officer Stuart Alderoty breaks down some of the crypto-related developments so far under President Trump's second term.

19 days ago·United States

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Activist Post

+3 Reposted by 3 other sources

U.S. Senate's Effort on Stablecoins Revealed in New Bill from Hagerty

The Senate has pushed stablecoin bills before, but the chamber is now led by Republicans who want to make Hagerty’s latest effort happen. Senator Bill Hagerty is about to introduce a bill to oversee U.S. stablecoin issuers. (Kevin Dietsch/Getty Images) What to know: Now under the control of crypto-friendly Republicans, the Senate will have a new stablecoin bill to work on when Senator Bill Hagerty introduces it today. The bill gives a nod to st…

16 days ago

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senate.gov

Hagerty Releases Discussion Draft of Comprehensive Stablecoin Legislation - Senator Bill Hagerty

WASHINGTON—United States Senator Bill Hagerty (R-TN), a member of the Senate Banking Committee, today released a discussion draft of legislation that establishes a clear regulatory framework for the regulation and supervision of stablecoin issuers. “Stablecoins have the potential not only to enhance transactions and payment systems, but also to help create new demand for U.S. Treasuries as we […]

19 days ago·Washington, United States

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Bloomberg

Stablecoin Legislation Pushed as Trump Sets Crypto-Friendly Agenda

Senator Bill Hagerty will introduce legislation Tuesday to create a framework for stablecoins, the latest push among Republicans to create crypto-friendly guidelines for an industry that’s a priority for President Donald Trump.

19 days ago·United States

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blockzeit.com

Senator Hagerty Unveils Stablecoin Bill As Trump Signs Sovereign Wealth Fund Order

US Senator Bill Hagerty has introduced a bill to create a regulatory framework for stablecoins. The GENIUS Act provides the criteria for a stablecoin and lays down guidelines for institutional issuers, among other provisions. President Trump has signed an executive order establishing a Sovereign Wealth Fund for the US. US Senator Bill Hagerty has introduced the GENIUS Act, a bill to establish a regulatory framework for stablecoins. The Tennessee…

17 days ago

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