Sen. Bill Hagerty announces new stablecoin regulation bill

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.
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A new stablecoin bill, titled the Guiding and Establishing National Innovation for U.S. Stablecoins Act of 2025 (GENIUS Act), has been introduced in the U.S. Senate.
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Senator Bill Hagerty proposes legislation for stablecoin framework
Senator Hagerty's legislation proposes a stablecoin regulatory framework, ensuring safe issuance backed by USD and stringent oversight.
Hagerty introduces bill to regulate stablecoin industry
The bill has garnered bipartisan support with Sens. Kirsten Gillibrand (D-N.Y.), Tim Scott (R-S.C.), and Cynthia Lummis (R-Wyo.) joining as cosponsors. The legislation proposes "light-touch" regulatory standards for the stablecoin industry and outlines the division of regulatory responsibilities between federal and state governments.
U.S. Senate's Effort on Stablecoins Revealed in New Bill from Hagerty
The opening shot is being been fired in the new Congress' crypto push with a plan for a Tuesday introduction of a stablecoin oversight bill from

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