Summary
- The U.S. Senate Banking Committee passed the stablecoin bill with a vote of 18 to 6.
- The bill, proposed by Republican Senator Bill Hagerty, aims to establish a regulatory framework for stablecoins.
- The bill defines cases where stablecoin issuers would be subject to state or federal supervision.
According to The Block, a cryptocurrency specialized media outlet, on the 13th (local time), the Stablecoin Bill (GENIUS Act) has passed the U.S. Senate Banking Committee.
The Senate Banking Committee passed the bill with a vote of 18 to 6 during the session held that day.
The bill, proposed by Republican Senator Bill Hagerty, contains provisions to establish a regulatory framework for stablecoins and define cases where issuers would be subject to state or federal supervision.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
