Tracking stablecoin
policy worldwide

One of the first state-level bills in the U.S. to directly regulate stablecoin issuance. Establishes requirements for stablecoin issuers operating in Arizona, including reserve and licensing provisions.

Pending legislation that would create a dedicated licensing regime for digital asset businesses in Illinois, administered by the Illinois Department of Financial and Professional Regulation (IDFPR). Represents a significant expansion of Illinois's digital asset regulatory framework.

Advances Colorado's fintech regulatory framework, including provisions applicable to digital asset and stablecoin businesses operating under money transmission rules. No dedicated stablecoin statute; compliant stablecoins may operate under the existing framework.

MiCA creates the EU authorization and operating framework for asset-referenced tokens and e-money tokens, including reserve, redemption, governance, and significant-token supervision requirements.

Establishes a licensing regime for digital financial asset businesses in California, including stablecoin issuers and exchanges, administered by the Department of Financial Protection and Innovation (DFPI). Licensing requirements took effect July 1, 2025.

Expands Florida's Money Transmitters Act to cover virtual currency businesses, requiring licensing for digital asset transmission and establishing consumer protection standards. Signed into law in 2023.

Regulatory guidance and licensing requirements from the Florida Office of Financial Regulation for money transmitters, including virtual currency businesses operating in Florida.

Establishes the Wyoming Stable Token Commission and authorizes the issuance of WYST, a USD-backed stable token. Reserves are held 1:1 in U.S. government securities or cash equivalents. The only U.S. state law explicitly authorizing government issuance of a stablecoin.