TechFlow news — On February 4, according to Bloomberg, Republican Senator Bill Hagerty will introduce a stablecoin regulatory framework bill on Tuesday in response to the crypto industry's call for regulatory clarity. The legislation aims to create a predictable regulatory environment for dollar-pegged stablecoins and has received support from President Trump.
As disclosed by a FOX reporter, the bill, named GENIUS (Guiding and Establishing National Innovation in U.S. Stablecoins), defines stablecoins as digital assets pegged to the U.S. dollar and establishes clear licensing and reserve requirements for issuers. Regulatory responsibilities would be tiered by size: issuers with assets exceeding $10 billion would fall under Federal Reserve oversight, while smaller ones would be regulated by state-level authorities. Senate staff indicated that the bill is expected to move quickly through congressional committees.
