SB2922 — Relating to the issuance and regulation of an oil-backed stablecoin; authorizing a fee; authorizing an administrative penalty.

SB2922 — Relating to the issuance and regulation of an oil-backed stablecoin; authorizing a fee; authorizing an administrative penalty. · Informed CitizenrySB 2922, the Texas Oil-Backed Stablecoin Act, establishes a regulatory framework for the issuance and management of digital assets (stablecoins) that are fully backed by and redeemable for oil or o…Open in Informed Citizenry