US Senator Pat Toomey Proposes Alternate Regulatory Framework for Stablecoins Featuring Looser Rules

Senator Pat Toomey of Pennsylvania is proposing a different regulatory framework for stablecoins than what US President Joe Biden had previously announced. In the bill, Toomey proposes a new license for current stablecoin issuers that would maintain their standing as legal money transmitting businesses while also allowing Federal Depository Insurance Corporation (FDIC) insured entities such […] The post US Senator Pat Toomey Proposes Alternate Regulatory Framework for Stablecoins Featuring Looser Rules appeared first on The Daily Hodl.