- U.S. Senator Bill Hagerty confirms re-election bid with a pro-Bitcoin stance.
- Hagerty plans to introduce legislation establishing a clear framework for stablecoins.
- The move aligns with Donald Trump’s push for crypto-friendly policies in the U.S.
U.S. Senator Bill Hagerty, known for his pro-crypto stance, plans to introduce a new bill in Congress to establish stablecoin regulations. Hagerty, who previously supported Bitcoin-friendly policies, is also preparing for re-election.
In 2024, Hagerty introduced legislation to clarify stablecoin regulations, tackling concerns over consumer protection and financial stability. Now, with re-election ahead, he has refined and reintroduced the bill, calling it the GENIUS Act—the Bill for the U.S. Stablecoins. He co-sponsored it alongside Senators Tim Scott, Kirsten Gillibrand, and Cynthia Lummis.
Related: Stablecoin Regulation Draft: House Leaders Chart US Digital Future
“The tide has turned in favor of digital assets here in America. I’m pleased to lead my colleagues in the GENIUS Act, which will help make our nation a positive environment for stablecoins and digital assets.”
The bill grants state re…
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