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Maryland bill would create state licensing pathway for payment stablecoins under federal framework
Summary
HB1355 would designate the Office of Financial Regulation as the state supervisor for payment stablecoin issuers and service providers and create a licensing path aligned with recently enacted federal legislation; OFR said the regime would attract responsible innovation while protecting consumers.
Delegate Marlon Amprey presented HB1355 and the Office of Financial Regulation (OFR) detailed how the bill would establish a Maryland charter and supervisory framework for payment stablecoin issuers and stablecoin service providers. Commissioner Tony Salazar said the federal 'Genius Act' created a…
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