US senators Cynthia Lummis and Kirsten Gillibrand have jointly unveiled bipartisan legislation aimed at creating a clear regulatory framework for payment stablecoins, according to an April 17 statement. Dubbed the Lummis-Gillibrand Payments Stablecoin Act, the proposed law wants to “protect consumers, enable innovation, and promote US dollar dominance while preserving the dual banking system.” Speaking […]
The post US senators propose bipartisan stablecoin bill opening door to FDIC insurance in US appeared first on CryptoSlate.
Originally appeared here:
US senators propose bipartisan stablecoin bill opening door to FDIC insurance in US