Stablecoin

The National Taxpayers Union Foundation is asking the Internal Revenue Service to modify the proposed regs for the "no tax on tips" part of the One Big Beautiful Bill Act,

The U.S. Department of the Treasury issued a request for comment, required by the Guiding and Establishing National Innovation for US Stablecoins Act.

Under the new law, issuers with more than $50 billion in stablecoins outstanding would be required to submit audited annual financial statements.