Blockchain Week in Review - December 2020 | Perkins Coie
Congress Members Introduce Stablecoin Legislation On December 2, 2020, Congresswoman Rashida Tlaib (MI-13), Congressmen Jesús “Chuy” García (IL-04) and Chairman of Task Force on Financial Technology Rep. Stephen Lynch (MA-08), announcedStablecoin Tethering and Bank Licensing Enforcement (STABLE) Act (the Act), which, among other points, proposes to impose obligations on issuers of stablecoins. For example, the Act would: Require prospective stablecoin issuers to obtain a banking charter...
Source: jdsupra.com