According to Techub News, U.S. Senator Bill Hagerty has released a draft legislation on stablecoin regulation, which aims to create a clear regulatory framework for stablecoins. The draft is similar to the Payment Stablecoin Transparency Act, jointly formulated by House members Patrick McHenry and Maxine Waters, and aims to balance federal supervision of banks and non-bank institutions. Hagerty pointed out that the draft legislation allows stablecoin issuers to apply for exemptions after reaching the $10 billion threshold and continue to follow state supervision. At the same time, the draft stipulates that stablecoins must be anchored 1:1 with reserve assets such as the US dollar.