An up to date version of the bill was reintroduced during the Senate in July 2023.[lxi] The updated bill clarified that stablecoins could be ruled by state and federal financial institution regulators and would generally be issued by depository establishments as neither commodities nor securities. However, the Invoice does supply a route for instit

On November 1, 2021, the President’s Doing the job team on monetary Markets (“PWG”), the Federal Deposit insurance policies Corporation (“FDIC”) and also the OCC collectively issued a Report on Stablecoins that even more supported this posture.[xli] although this report did not consist of any distinct new principles or steering, its recom