The bill, available on the Committee’s hearing page, represents the first major piece of crypto legislation to move in 2023. It creates definitions for payment stablecoin issuers, echoing a term former Senator Pat Toomey (R-Pa.) used when he introduced his own stablecoin bill in 2022. The bill also calls for a moratorium on new stablecoins that are backed by other types of tokens until a study can be conducted.
Trending
Avalanche (AVAX) And Monero (XMR) Poised for Bullish 2023, Orbeon Protocol...
Avalanche (AVAX) and Monero (XMR) are expected to have a bullish year in 2023, with AVAX recently seeing a small rally. Meanwhile, Orbeon Protocol...