Creating the “Financial Accountability Stable Token Act,” for financing and state payments

Summary

The bill creates the Financial Accountability Stable Token (FAST) Act, letting the state use qualified stablecoins to pay contractors and vendors on a voluntary basis. It sets rules for which tokens qualify, how reserves are held, and gives the State Treasurer oversight and reporting duties.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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