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Top US Lawmaker Proposes Sweeping Stablecoin Regulation Framework

The Stablecoin TRUST Act would give stablecoin issuers a variety of regulatory regimes to abide by, but enforce disclosure and redemption requirements.

Updated May 11, 2023, 3:42 p.m. Published Apr 6, 2022, 7:00 p.m.
U.S. Sen. Patrick Toomey introduced the "Stablecoin TRUST Act" on Wednesday. (Jonathan Ernst-Pool/Getty Images)
U.S. Sen. Patrick Toomey introduced the "Stablecoin TRUST Act" on Wednesday. (Jonathan Ernst-Pool/Getty Images)