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Sen. Lummis Introduces Lummis-Gillibrand Payment Stablecoin Act

by MYRA TUGADE

WASHINGTON, May 26 -- Sen. Cynthia M. Lummis, R-Wyo., introduced the "Lummis-Gillibrand Payment Stablecoin Act" on April 17, 2024. The text of the bill was released on May 25.

S. 4155. A bill to provide for effective regulation of payment stablecoins, and for other purposes; to the Committee on Banking, Housing, and Urban Affairs.

The bill is cosponsored by Sen. Kirsten Gillibrand, D-N.Y.

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SECTION 1. Short title.

This Act may . . .

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