#CryptoClarityAct The law proposes strict requirements for the issuance of stablecoins, allowing only federal/state depository institutions to issue them and subjecting them to federal/state regulation. Furthermore, issuers are required to maintain a reserve of 100% of high-quality assets and are obligated to publicly disclose the reserve assets backing the stablecoin and their value. In addition, the bill proposes regulation of algorithmic stablecoins by the CFTC.