Summary
- The US House has reportedly unveiled a draft bill for stablecoin regulation.
- The bill includes a two-year ban on stablecoins backed solely by self-issued digital assets.
- It also mandates a Treasury study to assess the risks associated with them.
The US House has unveiled a draft bill related to the regulation of stablecoins.
On the 7th (local time), Eleanor Terrett, a Fox Business reporter, reported on X (formerly Twitter) that "French Hill, Chairman of the House Financial Services Committee, and Bryan Steil, Chairman of the Digital Assets Subcommittee, have unveiled a draft bill concerning the establishment of a regulatory framework for stablecoins in the United States."
The bill imposes a two-year ban on stablecoins backed solely by self-issued digital assets and mandates a Treasury study to assess their risks.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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