ChainCatcher news, U.S. Senator Bill Hagerty has introduced a bill aimed at establishing a regulatory framework for stablecoins, bringing tokens like USDT and USDC under Federal Reserve rules.The Tennessee Republican stated in a press release on February 4 that this stablecoin bill will create "a safe and growth-friendly regulatory framework to unleash innovation," and advance President Trump's commitment to make the U.S. "the cryptocurrency capital of the world."Hagerty's "Guiding and Establishing the U.S. National Stablecoin Innovation (GENIUS) Act" has the support of Senators Tim Scott, Kirsten Gillibrand, and Cynthia Lummis.Hagerty added on X that he looks forward to working with Congressman French Hill and the House Financial Services Committee to "get it to the President and signed into law."

ChainCatcher news, according to Bloomberg, Republican Senator Bill Hagerty will introduce a stablecoin regulatory framework bill on Tuesday in response to the crypto industry's demand for clear regulations.The bill aims to create a predictable regulatory environment for stablecoins pegged to the dollar, gaining support from President Trump. Industry insiders believe that federal-level regulation will enhance the legitimacy of stablecoins and is expected to drive broader market adoption.

ChainCatcher news, U.S. Senator Hagerty stated that he will support Trump's nominee for Secretary of Defense, Hegseth.

ChainCatcher news, recently U.S. Senate Banking and Foreign Relations Committee member, Senator Bill Hagerty discussed several key issues in an interview with Bloomberg, including the potential future of cryptocurrency under a second Trump administration.Hagerty mentioned Trump's supportive stance on cryptocurrency, emphasizing its alignment with the recent Republican platform. He views cryptocurrency as a key issue in the upcoming November elections, stating, "I have spent a lot of time discussing this industry with the (former) president, and I believe that just this week, our Republican platform has reached a common vision."Hagerty criticized the Democratic Party's approach to cryptocurrency, calling it overly centralized and restrictive. He believes that Democrats oppose the decentralized nature of crypto technology. "Innovation will happen. Cryptocurrency has tremendous potential for the U.S. We have an innovative gene that surpasses any other country in this regard. We should leverage this and create an ecosystem that allows for it," he further pointed out.