According to BlockBeats, Republican Senator Bill Hagerty is set to introduce a regulatory framework for stablecoins on Tuesday, February 4. This initiative aims to address the cryptocurrency industry's demand for clear regulations. The proposed legislation seeks to establish a predictable regulatory environment for stablecoins pegged to the U.S. dollar and has garnered support from U.S. President Donald Trump. Industry experts believe that federal-level regulation could enhance the legitimacy of stablecoins and potentially drive broader market adoption.