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United States of America: Rejected Stablecoin TRUST Act of 2022

Policy overview

Description

Rejected Stablecoin TRUST Act of 2022

On 3 January 2023, the “Stablecoin Transparency of Reserves and Uniform Safe Transactions Act of 2022’’ (Stablecoin TRUST Act of 2022) was rejected after failing to pass before the 117th Congress adjourns.

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

On 6 April 2022, US Senate Banking Committee Ranking Member Pat Toomey released the initial draft o…

2022-12-21
under deliberation

On 21 December 2022, US Senate Banking Committee Ranking Member Pat Toomey introduced the "Stableco…

2023-01-03
rejected

On 3 January 2023, the “Stablecoin Transparency of Reserves and Uniform Safe Transactions Act of 20…