[Congressional Record Volume 171, Number 93 (Monday, June 2, 2025)]
[Senate]
[Page S3181]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 2291. Mr. REED submitted an amendment intended to be proposed by 
him to the bill S. 1582, to provide for the regulation of payment 
stablecoins, and for other purposes; which was ordered to lie on the 
table; as follows:

       Strike section 4(a)(4)(A)(i)(II) and insert the following:

       (II) minimum capital requirements and operating expenses 
     that are no less stringent than such requirements applicable 
     to institutions chartered under the Special Purpose 
     Depository Institutions Act in Wyoming (Wyo. Stat. Ann. tit. 
     13, ch. 12) or to companies that are approved to issue 
     payment stablecoins under the New York Financial Services Law 
     and the virtual currency regulation issued thereunder (23 
     N.Y. Comp. Codes R. & Regs. tit. 23, Part 200).

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