Lummis and Gillibrand draft new stablecoin regulation bill
Lummis-Gillibrand Stablecoin Regulation Bill: An In-depth Outline The Lummis-Gillibrand Crypto Regulation and Legitimacy Act, proposed by Senators Cynthia Lummis (R-WY) and Kirsten Gillibrand (D-NY), is a bipartisan bill that aims to provide a regulatory framework for stablecoins within the United States. Introduced in July 2021, this comprehensive legislation is designed to balance innovation and consumer…