# Toomey drafts bill to exempt stablecoins from securities regulations
” Toomey drafts bill to exempt stablecoins from securities regulations “ Republican Senator Pat Toomey, the ranking member for the Senate Banking Committee, has drafted a bill proposing a regulatory framework for stablecoins in the United States. According to a draft released Wednesday, the ‘Stablecoin Transparency of Reserves and Uniform Safe Transactions Act’, otherwise known…