Recent events
2026-05-02
Stated positions
PRIMARY
On May 2, 2026, Coinbase announced that a bipartisan deal on the Clarity Act's stablecoin yield provisions was reached in the Senate Banking Committee, clearing the way for a long-stalled markup.
2026-04-30
Other facts
PRIMARY
In April 2026, Senators Elizabeth Warren and Ron Wyden launched an official probe into a reported undisclosed loan from Tether to 'Dynasty Trust A' (a trust for the children of Commerce Secretary Howard Lutnick)…
2026-03-20
Stated positions
PRIMARY
On March 20, 2026, a bipartisan compromise on stablecoin yield (the Tillis-Alsobrooks framework) was reached in the Senate Banking Committee to resolve the 'yield vs. rewards' dispute that stalled the CLARITY Act.
2026-02-25
Other facts
PRIMARY
The OCC's February 2026 proposed rulemaking sought to narrow the GENIUS Act's yield prohibition by creating a 'rebuttable presumption' that all affiliate payments to holders are prohibited, a move Hagerty and industry…
2026-02-25
Other facts
SECONDARY
The OCC's 2026 proposed rulemaking sought to close the 'yield loophole' by creating a rebuttable presumption that affiliate payments are equivalent to issuer yield, a move directly challenged by Coinbase counsel as…
2025-11-04
Other facts
SECONDARY
The GENIUS Act's Section 4(a)(11) was specifically lobbied against by the American Bankers Association (ABA) in a series of letters to Chairman Tim Scott in late 2025, calling it a 'shadow banking loophole.'
2025-07-18
Other facts
PRIMARY
Section 4(a)(11) of the GENIUS Act (Pub. L. 119-27) prohibits stablecoin issuers from paying interest but includes a technical qualifier for 'activity-based rewards' that preserves the revenue-sharing model of major…
2025-07-18
Other facts
PRIMARY
The GENIUS Act (Pub. L. 119-27) was signed into law on July 18, 2025, after being introduced by Senator Hagerty as S. 1582 earlier that year.
2025-07-18
Other facts
PRIMARY
The GENIUS Act (Pub. L. 119-27) excludes payment stablecoins from the legal definitions of 'security' and 'commodity,' effectively ending the SEC's 'regulation by enforcement' era for 1:1 backed digital dollars.
2025-06-30
Other facts
SECONDARY
Tether CEO Paolo Ardoino conducted 165 meetings with U.S. lawmakers in the first six months of 2025 to secure the passage of the GENIUS Act, a record-breaking lobbying blitz that coincided with the inclusion of the…
2024-11-05
Transactions
SECONDARY
Fairshake-affiliated PACs spent a combined total exceeding $130 million in the 2024 election cycle, with Senator Hagerty identified as a key legislative ally for the network's long-term market-structure goals.
2024-04-17
Other facts
PRIMARY
Hagerty was the lead Senate sponsor of the GENIUS Act of 2024 (S.4155), the chamber's flagship stablecoin regulatory framework.
2024-04-17
Other facts
INFERENTIAL
Hagerty introduced S.4155 (the GENIUS Act) on 17 April 2024 as the bill's lead Senate sponsor.