Gaining Momentum: The First Senate Discussion Draft on Stablecoins

Momentum may soon be building towards a comprehensive federal stablecoin regulatory framework. On April 6, 2022, Senator Pat Toomey released the Stablecoin TRUST Act of 2022, another major step in the Ranking Member's efforts to lay the foundation for a clear regulatory structure for stablecoins.

Here we take a dive into the draft bill, exploring what remains unanswered and what may be coming. For a primer on stablecoins, see our blog post from January 2022.

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