DOJ’s New Pilot Program for Individual Voluntary Self-Disclosures: A Strategic Shift for the Payment Industry

Senators Cynthia Lummis and Kirsten Gillibrand recently introduced a pivotal piece of legislation aimed at establishing a comprehensive regulatory framework for stablecoins. This move has added a significant dimension to the ongoing debate within Congress concerning digital assets. In this article, we delve into the key aspects of the Senate stablecoin bill, highlighting its implications and the regulatory landscape it seeks to create.