#USStablecoinBill – The proposed legislation would give stablecoin holders top priority over all other creditors in the event of an issuer’s bankruptcy, including amendments to the bankruptcy code to reflect this change.

Bo Hines, President Donald Trump’s self-described “crypto sherpa” and Executive Director of the Presidential Council of Advisers for Digital Assets, said earlier this week that the two bills are up to 90% aligned, with lawmakers from both chambers actively working to reconcile the remaining differences.

Senator Bill Hagerty announced Thursday that he would introduce an updated version of the bill.