US Stablecoin Bill Advances Through Senate Committee
The bipartisan legislation would create a federal licensing path for payment stablecoin issuers and pre-empt conflicting state rules.
A long-stalled stablecoin bill cleared the Senate Banking Committee on Tuesday with bipartisan support, marking the most significant legislative progress for federal crypto regulation in the current Congress.\n\nThe Payment Stablecoin Act would establish a dual federal-state licensing framework, impose reserve and disclosure requirements on issuers, and clarify the role of the Federal Reserve in approving non-bank stablecoin charters. Industry groups welcomed the markup, while consumer advocates expressed reservations about provisions limiting state attorney general enforcement.
Stay ahead of the next enforcement action
Free weekday newsletter on indictments, sanctions, exploits, and rulings — for lawyers, journalists, and investigators.
EU Regulators Publish 2026 MiCA Enforcement Priorities
ESMA and EBA outlined a focus on stablecoin reserve attestations, market-abuse surveillance, and unauthorised cross-border services.
Japan's FSA Tightens Exchange Listing Rules After Memecoin Volatility
New screening criteria will require quantitative liquidity thresholds and on-chain ownership disclosures before listing.
Singapore MAS Issues Three Major Digital Payment Token Licences
The licences come with conditions covering custody segregation and outsourcing oversight.
FCA Issues 412 Crypto Financial Promotion Alerts in Q1
The regulator's quarterly bulletin showed a sharp rise in unauthorised promotions targeting UK consumers.