Rep. Rashida Tlaib, Rep. Stephen Lynch and Rep. Jesus Chuy Garcia have introduced a bill that would require stablecoin issuers to secure bank charters and either obtain FDIC insurance or maintain full reserves to operate in the U.S.
US Lawmakers Introduce Bill That Would Require Stablecoin Issuers to Obtain Bank Charters
December 2, 2020
CoinDesk