Foreign Stablecoin Transparency Act
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- Senate
- Sponsor
- 1
- Latest action
- Feb 24, 2026
What it does
The Foreign Stablecoin Transparency Act would amend the GENIUS Act to require foreign payment stablecoin issuers with over $50 billion in outstanding issuance that are not already subject to certain SEC reporting requirements to prepare annual financial statements in accordance with generally accepted accounting principles and have them audited by a registered public accounting firm following PCAOB standards. This applies specifically to foreign issuers of payment stablecoins and aims to increase transparency by aligning their audit obligations with those of U.S.-based stablecoin issuers. The bill clarifies that these requirements do not alter the jurisdiction of the Public Company…
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
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Where it goes next
While a bill can still move, the questions are about people and money.