Crypto Firms Urge Lawmakers to Act as Compromise is Reached on Bill
Crypto firms are urging U.S. lawmakers to move forward after Senators reached a compromise on new stablecoin rules. The agreement comes after months of debate between banks and the crypto industry over how digital dollar tokens should be regulated. Industry leaders say the compromise is a step forward and want Congress to act quickly so the bill can move through the Senate Banking Committee without delay. The compromise was introduced by Senators Thom Tillis and Angela Alsobrooks. It focuses on stablecoins, which are digital assets tied to the U.S. dollar. Under the proposal, crypto companies would not be allowed to…