Global DCA Welcomes Congressman Gottheimer’s “Stablecoin Innovation & Protection Act 2022” – Global DCA

Global DCA Welcomes Congressman Gottheimer’s “Stablecoin Innovation & Protection Act 2022”

Global DCA Welcomes Congressman Gottheimer’s “Stablecoin Innovation & Protection Act 2022”

The Global Digital Asset & Cryptocurrency Association welcomes and fully supports the Stablecoin Innovation and Protection Act of 2022 proposed by Congressman Gottheimer. By establishing a regulatory framework for a “qualified stable coin” and a “qualified stable coin issuer,” the proposed legislation fosters responsible innovation while establishing a foundation for public trust and consumer protection for private stable coin offerings.