Express

US Lawmakers' New Draft Bill Requiring Stablecoin Issuers To Obtain Bank Charters And Regulatory Approvals

Mary Liu

Summary: According to a public statement, three Democrats in the US House of Representatives have drafted a new bill that aims at regulating stablecoin issuers and companies who provide stablecoin-related services. The bill requires stablecoin issuers to obtain bank charters and regulatory approvals before issuing any stablecoins.  It is reported that many stablecoin issuers such as CENTRE ...

According to a public statement, three Democrats in the US House of Representatives have drafted a new bill that aims at regulating stablecoin issuers and companies who provide stablecoin-related services. The bill requires stablecoin issuers to obtain bank charters and regulatory approvals before issuing any stablecoins. 

It is reported that many stablecoin issuers such as CENTRE Consortium, Gemini and Paxos currently operating in the United States do not have bank charters.

By Mary Liu

  • Gold’s $2.1 Trillion Plunge: Where Is The Smart Money Flowing Next? 7 days ago
  • GAEA Chat Singapore Concludes Successfully - A Recap of the Industry Thought Feast Duri... 24 days ago
  • U.S. SEC Clears Path for Institutional Crypto Custody, Recognizing State Trust Companie... 29 days ago
  • BTC Weekly Watch: Is the Rebound "Feast" Nearing Its End? September 16, 2025
  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? September 9, 2025
  • You need to login to comment.