Stablecoin Transparency Act

openUnited States· United States Congress· EN

Introduced

31 March 2022

Last action

10 May 2022 · Committee

Status

Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 117-655.

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, or (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.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

31 March 2022
Introduced
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Source: IntroReferral
31 March 2022
Introduced
Introduced in Senate
Source: IntroReferral
10 May 2022
Committee
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 117-655.
Source: Committee

Votes

No vote records are attached yet.

Versions

Introduced in Senate · 31 March 2022 · Download file

Documents

3 official files

Introduced in Senate (text)

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Introduced in Senate (text)
Introduced in Senate · EN · 31 March 2022
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Introduced in Senate (PDF)
Introduced in Senate · EN · 31 March 2022
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Introduced in Senate
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 naar
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

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.

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.

Official source: https://www.congress.gov/bill/117th-congress/senate-bill/3970
Open data entity: https://api.congress.gov/v3/bill/117/s/3970
us · 117-s-3970 · source updated 30 May 2026