Wu learned that FOX reporter Eleanor Terrett tweeted that Republican Senator Bill Hagerty proposed his stablecoin bill in the Senate today. The bill is called the GENIUS Act, which focuses on providing clear regulation for stablecoins in the United States; Define stablecoins as digital assets pegged to the US dollar; Develop licensing and reserve requirements for issuers; Apply Federal Reserve rules to issuers with an issuance amount greater than $10 billion; Applicable state rules for issuers with an issuance amount of less than $10 billion; Support financial inclusivity, efficient trading, and dollar supremacy. https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=37366