Foreign Stablecoin Transparency Act

Jack Reed

Democrat · RI · Senator

Source: Congress.gov · FEC

No cosponsors on record. Bills can pass without cosponsors — this often means the sponsor introduced the bill alone, either because it's a messaging bill, a chairman's mark, or simply early in the legislative cycle.

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S653-654)

2026-02-24

Source: Congress.gov

This bill would require foreign cryptocurrency companies that issue stablecoins—digital currencies designed to maintain a fixed value—to disclose information to U.S. regulators and meet certain transparency standards before operating in American markets. The measure aims to give federal banking regulators better visibility into foreign stablecoin operations to protect consumers and prevent financial risks. It would primarily affect cryptocurrency companies, financial institutions, and investors who use or trade these digital assets.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

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