On April 17, the two pro-crypto Senators introduced the Lummis-Gillibrand Payment Stablecoin Act.
The bill “solves key policy challenges that have lingered around previous proposals and provides prudential regulation and added consumer protections to stablecoin issuers,” said Lummis, who added, “But above all, it allows innovation to prosper.”
The Senators have been drafting the bill for months as customer protections and proper custody practices for issuers came into focus following the fallout of the FTX collapse.
@gillibrandny and I are introducing the most comprehensive stablecoin bill to date.
Crypto assets are revolutionizing the world and as the undisputed leader in financial innovation, the U.S. must embrace crypto assets, but it cannot be done without clear rules for stablecoins. pic.twitter.com/vwRUEBUdsl
— Senator Cynthia Lummis (@SenLummis) April 17, 2024
Stablecoin Regulations a Step Closer
The bill authorizes state non-depository trust companies to issue paymen
We współpracy z: https://cryptopotato.com/us-senators-introduce-stablecoin-regulatory-framework-while-warren-wants-restrictions/
