United States of America: Announcement of Stablecoin TRUST Act of 2022
Description
Announcement of Stablecoin TRUST Act of 2022
On 6 April 2022, US Senate Banking Committee Ranking Member Pat Toomey released the initial draft of the "Stablecoin TRUST Act of 2022", which provides a regulatory framework regarding the issuance of stablecoins as well as related consumer protecti…
Scope
Policy Area
Authorisation, registration and licensing
Policy Instrument
Operational license requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
legislature
Government Body
parliament
Complete timeline of this policy change
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2022-04-06
under deliberation
2022-12-21
under deliberation