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Senator Bill Hagerty will introduce legislation Tuesday to create a framework for stablecoins, the latest push among Republicans to create crypto-friendly guidelines for an industry that’s a priority for President Donald Trump.
The bill seeks to create a predictable regulatory environment for stablecoins, cryptocurrencies marketed as being less volatile than other tokens because their value is pegged to the US dollar or other stable assets. Proponents say that federal regulation would lend legitimacy to the asset class that could lead to broader adoption.
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