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Senate Banking Committee Ranking Member Drafts Stablecoin Regulatory Framework Exempting Stablecoins From SEC Regulation | Troutman Pepper

On April 6, Senator Pat Toomey (R-PA) released a draft of his proposed stablecoin legislation titled, Stablecoin Transparency of Reserves and Uniform Safe Transactions Act, or the...
Pat Toomey Senate Banking Committee Us Supreme Court Howey Office Of Comptroller Currency Enforcement Authority Vested Securities Exchange

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Toomey unveils stablecoin bill granting OCC authority for payments charter

The legislation would grant stablecoin issuers a high degree of flexibility, allowing firms to be regulated state by state, as a bank, or as a “limited national limited payment stablecoin issuer” supervised by the Office of the Comptroller of the Currency.
United States Pat Toomey Safe Transactions Senate Banking Committee Securities Exchange Office Of The Comptroller

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