HB2647 — An Act amending Title 7 (Banks and Banking) of the Pennsylvania Consolidated Statutes, providing for stablecoin licensing; imposing duties on the Department of Banking and Securities and the Banking and Securities Commission; and imposing penalties.

HB2647 — An Act amending Title 7 (Banks and Banking) of the Pennsylvania Consolidated Statutes, providing for stablecoin licensing; imposing duties on the Department of Banking and Securities and the Banking and Securities Commission; and imposing penalties. · Informed CitizenryThe bill amends Title 7 (Banks and Banking) of the Pennsylvania Consolidated Statutes by adding Chapter 71, which establishes a licensing framework for stablecoins. The purpose is to enable financi…Open in Informed Citizenry