Reps. Garcia, Gooden Introduce Managed Stablecoins Are Securities Act of 2019
November 21, 2019
November 21, 2019
WASHINGTON, Nov. 21 -- Rep. Sylvia Garcia, D-Texas, issued the following news release:
Congresswoman Sylvia Garcia (D-TX) and her colleague Congressman Lance Gooden (R-TX) introduced the Managed Stablecoins are Securities Act of 2019. This piece of legislation would protect consumers against certain cryptocurrencies, such as Facebook Libra Project. The bill would clarify that "managed stablecoins" are securities under the Security Exchange Act of 1934 and thus regulated by . . .
Congresswoman Sylvia Garcia (D-TX) and her colleague Congressman Lance Gooden (R-TX) introduced the Managed Stablecoins are Securities Act of 2019. This piece of legislation would protect consumers against certain cryptocurrencies, such as Facebook Libra Project. The bill would clarify that "managed stablecoins" are securities under the Security Exchange Act of 1934 and thus regulated by . . .