New Draft U.S. Law Will Make It Illegal To Issue Stablecoins Without Federal Reserve Approval

<div class=”featured_image_container”> </div> <strong>Three U.S. lawmakers have introduced a bill that will force private stablecoin issuers to obtain a banking charter (or license) and approval from the Federal Reserve before they can issue a stablecoin.</strong> Instigated by Rep. Rashida Tlaib, with support from Reps. Jesús García and Stephen Lynch – all of them Democrats – …

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