Further updates include detailed procedures for reviewing and approving new stablecoin issuers. The revised draft imposes decision deadlines for federal regulators, offers formal appeal rights, and allows applicants to reapply following a denial.
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House introduces revised stablecoin legislation with compliance measures and developer protection
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The Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act's March 26 version establishes formal application procedures for new stablecoin issuers, including regulatory decision deadlines, appeal rights, and reapplication options after denial
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