Stablecoin Transparency Act

Summary

Stablecoin Transparency Act This bill requires a stablecoin issuer to hold all reserves associated with each fiat currency-backed stablecoin they issue in (1) certain government securities; (2) fully collateralized security repurchase agreements, and (3) U.S. dollars or other nondigital currency. A fiat currency-backed stablecoin is a digital asset backed by a nondigital currency and is redeemable on a one-to-one basis in that currency. Each stablecoin issuer must publish monthly on their website a report on the reserves held by the issuer that has been audited by a third party.

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Timeline

1. 31 March 2022

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

2. 31 March 2022

   Introduced

   Introduced in House

   Source: IntroReferral

3. 31 March 2022

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 31 March 2022 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 31 March 2022

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 31 March 2022

  ViewDownloadOpen at official source

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  Vertaal document

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• Introduced in House

  summary · EN · 31 March 2022

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Hollingsworth, Trey [R-IN-9] · R · Sponsor
• · hsba00 · Standing

Related records

• related to ← Stablecoin Transparency Act
• related to ← To establish reporting requirements for persons who issue fiat currency-backed stablecoins, and for other purposes.