A bill to provide a regulatory framework and consumer protections for the issuance of payment stablecoins, and for other purposes.
Stablecoin Transparency of Reserves and Uniform Safe Transactions Act of 2022 or the Stablecoin TRUST Act of 2022
This bill establishes a regulatory framework for payment stablecoins (digital assets which an issuer must directly convert to fiat currency). Specifically, the bill only allows the following entities to issue stablecoins
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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