U.S. SENATE ADVANCES LANDMARK STABLECOIN LEGISLATION
In a major step for crypto regulation, the U.S. Senate has advanced new legislation to provide a framework for stablecoins.
The bill outlines:
📌 Reserve requirements
📌 Audit standards
📌Consumer protections for issuers like Circle and Tether.
Supporters argue that the law is necessary to prevent fraud and stabilize digital finance. Critics warn it could stifle innovation if applied too broadly.
Regardless, the move marks a turning point in the U.S. government's approach to crypto and signals increased federal oversight moving forward.
To read more about this, follow the link below
https://www.banking.senate.gov/newsroom/majority/scott-advances-stablecoin-debanking-legislation-out-of-banking-committee
