Examining the STABLE Act Proposal, Part II

Quick Take

  • A controversial legislative proposal for the Stablecoin Tethering and Bank Licensing Enforcement (STABLE) Act was recently announced by members of Congress, which could have extensive implications for digital assets if the bill were signed into law. 
  • Our two-part series examines the STABLE Act Discussion Draft, those endorsing the potential legislation, reactions from the digital assets community, what the bill could mean for node operators, and more.
  • This piece, Part II, starts with an overview of the STABLE Act’s proposed disclosure requirements and standards related to stablecoin products and service providers, such as node operators. We then review some reactions from the digital assets community, before concluding with a look at what potentially comes next?

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