U.S. Senate Banking Committee to Review Stablecoin Regulation Bill

In Brief:

The U.S. Senate Banking Committee will hold its first hearing on a proposed stablecoin regulatory framework.

The bill, introduced by Republican Senator Bill Hagerty, aims to establish clear guidelines for stablecoin oversight.

‍

The U.S. Senate Banking Committee is set to review a stablecoin regulatory framework bill for the first time, according to FOX Business reporter Eleanor Terrett. The proposal, submitted by Senator Bill Hagerty, seeks to define the rules governing stablecoin issuance and compliance in the U.S. financial system.

‍

The bill’s introduction signals a renewed push for crypto regulation amid growing concerns about stablecoin stability, transparency, and its role in the broader economy. Lawmakers and industry stakeholders will closely watch the hearing to assess its potential impact on digital asset markets.

‍