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Stablecoin Tethering and Bank Licensing Enforcement (Stable) Act – DIGIT INFO https://www.digit.info Bookmarking Crypto Insights Fri, 04 Dec 2020 09:15:18 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.digit.info/wp-content/uploads/2024/07/cropped-61589-32x32.png Stablecoin Tethering and Bank Licensing Enforcement (Stable) Act – DIGIT INFO https://www.digit.info 32 32 New Draft U.S. Law Will Make It Illegal To Issue Stablecoins Without Federal Reserve Approval https://www.digit.info/new-draft-u-s-law-will-make-it-illegal-to-issue-stablecoins-without-federal-reserve-approval/ Fri, 04 Dec 2020 09:15:18 +0000 https://www.digit.info/2020/12/04/new-draft-u-s-law-will-make-it-illegal-to-issue-stablecoins-without-federal-reserve-approval/ Read more]]>

Three U.S. lawmakers have introduced a bill that will force private stablecoin issuers to obtain a banking charter (or license) and approval from the Federal Reserve before they can issue a stablecoin. Instigated by Rep. Rashida Tlaib, with support from Reps. Jesús García and Stephen Lynch – all of them Democrats – the proposed law […]

The post New Draft U.S. Law Will Make It Illegal To Issue Stablecoins Without Federal Reserve Approval appeared first on Bitcoin News.

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