Legislators
Bills
Statements
Lobbying
Travel
Searching...- Bills
- S.3970
S.3970: Stablecoin Transparency Act
About This Bill
- Introduced March 31, 2022
- Latest Major Action May 10, 2022
Bill Sponsor
Bill Version
- Introduced in Senate - March 31, 2022
Bill 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...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| May 10, 2022 |
Committee on Banking, Housing, and Urban Affairs. Hearings held.
|
| March 31, 2022 |
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
|
| March 31, 2022 |
Introduced in the Senate by Bill Hagerty (R-Tenn.) |