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.
Source: https://www.coindesk.com/policy/2023/04/15/us-house-committee-publishes-draft-stablecoin-bill/?utm_medium=referral&utm_source=rss&utm_campaign=headlines