And there's lots of ways that this could play out. But the way that it's probably going to play out for stablecoins is as follows. Senator Hagerty introduced his legislation, the Genius act, in the Senate. He's got great support, and that bill began its way through the markup, but has not yet passed the full Senate. (07:48–07:53)
CLAIM
Asserts that Senator Hagerty introduced the Genius Act in the Senate.
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