Three Democratic lawmakers introduce a bill that would require stablecoin issuers to obtain a banking charter, approval from the Federal Reserve and FDIC, more (Nikhilesh De/CoinDesk)

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Nikhilesh De / CoinDesk:

Three Democratic lawmakers introduce a bill that would require stablecoin issuers to obtain a banking charter, approval from the Federal Reserve and FDIC, more  —  A new U.S. Congressional bill would require stablecoin issuers to secure bank charters and secure regulatory approval prior to circulating any stablecoins.