CryptoNewsZ
2024-05-31 06:50:19

Navigating the waters of stablecoins: The Lummis-Gillibrand Payment Stablecoin Act

In a move poised to bring significant changes to the digital currency landscape, United States Senators Kirsten Gillibrand & Cynthia Lummis have introduced a new bill aimed at regulating payment stablecoins. Known as the Lummis-Gillibrand Payment Stablecoin Act, this legislation sets a comprehensive regulatory framework specifically for this type of cryptocurrency. What are stablecoins? Stablecoins …

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