A US Congress senator Cynthia Lummis declared requirements to stablecoins emissions, the main of them being: to supply stablecoins for 100% with cash reserves or its equivalents, and obligatory for all stablecoin issuers to have a status of a bank or a money market fund. Also, Ms Lummis outlined that it is necessary to perform regular audit checks of issuers.

Ms Lummis is known as crypto supporter. In 2020, her programme included discussing Bitcoin on a national level. In August 2021, Cynthia Lummis was one of the authors of an amendment to a crypto infrastructure law - they were asking to exclude some companies of the crypto industry from the taxation plan. Today, on September 30th, there will be final voting on this law.

The main source of argument is the generalized definition of a 'broker' that is supposed to be given to the majority of industry participants, including non-custodian ones: miners, node operators, wallet developers, liquidity providers in DeFi protocols, etc. It will make them report users' operations to the Department of the Treasury, the US tax agency.

The US Ministry of Finances is also planning to introduce measures for stablecoins regulation. For instance, in September their plans to make stablecoin issuers provide for their easy converting to fiat became widely known. In the July session, they discussed perspectives for stablecoins and potential risks for end-users, the financial system and national security.

Stablecoin issuers show that they are partly or fully ready to accept regulation and taxation. In August, the Centre consortium that issues USDC declared its intention to transfer the token reserves into USD and government bills. USDT Tether Limiited issuer noted in its July report that the proportion of the funds and bank deposits that can be withdrawn in two days and less amounted to around 10%. Paxos company confirmed having 100% supply for every USDP and BUSD with US dollars or its equivalents.