United States · Bill · S
S. 5340 (117th)
Stablecoin TRUST Act of 2022
Introduced
21 December 2022
Last action
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Status
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sponsors
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Subjects
Discovery layer
Source updated
14 January 2025
Summary
Stablecoin Transparency of Reserves and Uniform Safe Transactions Act of 2022 or the Stablecoin TRUST Act of 2022 This bill establishes a regulatory framework for payment stablecoins (digital assets which an issuer must directly convert to fiat currency). Specifically, the bill only allows the following entities to issue stablecoins a money transmitting business, a non-depository trust company, or any other person that is authorized by a state banking supervisor to issue payment stablecoins; a national limited payment stablecoin issuer; a depository institution; or a national trust bank.
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Votes
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate · EN · 21 December 2022
Introduced in Senate (PDF)
Introduced in Senate · EN · 21 December 2022
Introduced in Senate
summary · EN · 21 December 2022
Sponsors
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/117th-congress/senate-bill/5340
- Open data entity: https://api.congress.gov/v3/bill/117/s/5340