#USStablecoinBill

The Lummis-Gillibrand Payment Stablecoin Act, introduced in 2024, aims to create a comprehensive regulatory framework for stablecoins in the U.S.....

This bipartisan bill focuses on fostering innovation while ensuring consumer protection and mitigating risks associated with illicit finance... ........!

It defines "payment stablecoins" and mandates that issuers maintain reserves equal to their outstanding coins. .. .. .. .. .. .. .. .. ..

The legislation also prohibits algorithmic stablecoins and requires issuers to comply with anti-money laundering regulations.