US Stablecoin Bill Delayed, but Draft Language May Soon Emerge

Jul 27,2022
KingData News: The hangups over this U.S. effort to establish rules for stablecoins – digital tokens designed to maintain steady valuations by being tied to assets such as the dollar – are expected to delay it until September, when the lawmakers return from their summer break, the people said. The narrowly focused bill aims to establish a U.S. oversight regime for stablecoins, on which crypto markets depend to counter the volatility of more speculative assets. The bill would also ban commercial companies from becoming issuers, people familiar with the effort have said.
This index tracks global regulatory move targeted at cryptocurrency and blockchain industry.
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