US Congress to Introduce New Stablecoin Bill
Failure to register as a stablecoin issuer could result in up to five years in prison and a fine of $1 million. Issuers located outside the United States should apply for registration to operate in the country.
![The US Congress will introduce a new bill for stablecoins](https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror= redirect,quality=90,width=1434/https://s3.cointelegraph.com/uploads/2023-04/a2b9470f-a744-4edc-96ef-2d5d048eb263.jpg)
![US Congress to Introduce New Stablecoin Bill](https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDQvYTJiOTQ3MGYtYTc0NC00ZWRjLTk2ZWYtMmQ1ZDA0OGViMjYzLmpwZw==.jpg?#)
Failure to register as a stablecoin issuer could result in up to five years in prison and a fine of $1 million. Issuers located outside the United States should apply for registration to operate in the country.
![The US Congress will introduce a new bill for stablecoins](https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror= redirect,quality=90,width=1434/https://s3.cointelegraph.com/uploads/2023-04/a2b9470f-a744-4edc-96ef-2d5d048eb263.jpg)
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