New Congressional Bill Seeks to Regulate Stablecoins – Decrypt
In brief The STABLE Act would require stablecoin issuers to meet the same sorts of regulatory requirements as banks. It was proposed by Representatives Rashida Tlaib, Jesús “Chuy” García, and Stephen Lynch. It has not been assigned to a committee. A trio of Democratic lawmakers has introduced a bill that would regulate stablecoins, including Facebook’s Diem (formerly Libra).
