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S. 5340 117th Congress Senate

Stablecoin TRUST Act of 2022

Official title: A bill to provide a regulatory framework and consumer protections for the issuance of payment stablecoins, and for other purposes.

Introduced: December 21, 2022 See on congress.gov
Finance and Financial Sector
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 21, 2022
Introduced in Senate
Dec 21, 2022
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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 Latest action December 21, 2022

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Plain-English summary Congressional Research Service

Stablecoin Transparency of Reserves and Uniform Safe Transactions Act of 2022 or the Stablecoin TRUST Act of 2022

This bill establishes a regulatory framework for payment stablecoins (digital assets which an issuer must directly convert to fiat currency). Specifically, the bill only allows the following entities to issue stablecoins

  • a money transmitting business, a non-depository trust company, or any other person that is authorized by a state banking supervisor to issue payment stablecoins;
  • a national limited payment stablecoin issuer;
  • a depository institution; or
  • a national trust bank.
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
Cite this page click to expand
APA
U.S. Congress. (2026). S. 5340: Stablecoin TRUST Act of 2022. 117th Congress. Open America. https://openamerica.io/bill/117-S-5340/
MLA
"S. 5340: Stablecoin TRUST Act of 2022." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-5340/.
Bluebook (legal)
S. 5340, 117th Cong. (2026), https://openamerica.io/bill/117-S-5340/.
Markdown link
[S. 5340: Stablecoin TRUST Act of 2022](https://openamerica.io/bill/117-S-5340/)
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