Financial Institutions - Payment Stablecoin Services - Establishment and Regulation (Maryland Stablecoin Act)
What this bill does
Altering the examination fee for a new commercial bank charter; requiring a certain nondepository trust company to include certain disclosures in its articles of incorporation; exempting from certain provisions of law a certain nondepository trust company authorized to provide certain services by the Commissioner of Financial Regulation; authorizing a certain nondepository trust company to request that the Commissioner reduce the capital stock requirements under certain circumstances; etc.
Analysis reads the bill text, the fiscal note, and the witness list. It is generated by Claude and reviewed by nobody, so check the source documents before you rely on it.
Testimony (9)
MGA witness list| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Cooper, Jacqueline | Maryland Blockchain Association | Written (PDF) |
| FAV | Balogun, Shereefat | Office of Financial Regulation | Oral |
| FAV | Hennen, Amy | Office of Financial Regulation, Maryland Department of Labor | Written (PDF) |
| FAV | Salazar, Antonio | Office of the Commissioner of Financial Regulation | Oral |
| FAV | Sprouse, Michael | State of Maryland - The Office of Financial Regulation | Oral |
| FAV | Murray, Rorylobbyist | Individual | Written (PDF) |
| FAV | Senator Kramer, Senator Kramerlegislator | Individual | Oral |
| FWA | Klebrowski, Connor | Individual | Written (PDF) |
| INFO | Shrago, Yevgeny | Conference of State Bank Supervisors | Oral + Written (PDF) |