DoTheySupportIt

Privacy Policy Terms and Conditions FAQs

Made to help create more economic freedom.

Analyze S3907 - Foreign Stablecoin Transparency Act | DoTheySupportIt

DoTheySupportIt

>

US Congress Bills

>

>

Add Commentary

Analyze S3907 - Foreign Stablecoin Transparency Act

S3907

Foreign Stablecoin Transparency Act

This legislation amends the GENIUS Act to establish financial reporting and auditing standards for large foreign payment stablecoin issuers. Specifically, foreign issuers with more than $50 billion in outstanding stablecoins must prepare annual financial statements according to GAAP. Additionally, they must engage a registered public accounting firm to perform an audit under Public Company Accounting Oversight Board (PCAOB) standards, aligning their oversight requirements with those of domestic stablecoin issuers.

Neutral on Crypto

You'll need an account to add your own analysis on this bill.

How pro-crypto is this bill?

Score Commentary (Optional)

In addition to categorizing this bill, you can optionally provide more detailed score commentary documenting your thoughts and opinions for the rest of the crypto community.

﻿