Two US lawmakers unveiled on Wednesday a proposed legislation that will create a regulatory framework for payment stablecoins. In a statement, senators Cynthia Lummis (R-WY) and Kirsten Gillibrand (D-NY) say the bipartisan Lummis-Gillibrand Payment Stablecoin Act will protect consumers, enable innovation and promote the dominance of the U.S. dollar while preserving the dual banking system. The post Two US Senators Introduce New Bipartisan Stablecoin Legislation appeared first on The Daily Hodl .
