U.S. Senator Bill Hagerty has released a draft legislative discussion on a stablecoin regulatory framework that aims to provide much-needed regulatory clarity. The draft is very similar to the House's Payment Stablecoin Clarity Act, adopting a dual regulatory structure of the Federal Reserve and the Office of the Comptroller of the Currency. 🤔

The draft also mentions that stablecoin issuers with issuance volumes exceeding $10 billion may be exempted from federal regulation. What do you think of this regulatory arrangement? Feel free to discuss in the comments!#blockchain#stablecoin #regulation