Law & Policy

Newsletter this week covers new STABLE Act intro, DeFi broker rule repeal vote, three new crypto-related bills, and more.

Solo. Creating U.S. crypto policy content. Carter & Jack’s dad 🙏 Prev. Sen. Cornyn; Litigation @ Milbank. https://www.caphillcrypto.com/about

STABLE would require payment stablecoin issuers to back stablecoins w/ liquid reserve assets on at least a 1:1 basis, disclose reserve asset info, and comply with the BSA and rules relating to capital, liquidity, and risk-management. Issuers could not pay interest or yield to stablecoin holders.