HB 5461: Creating the “Financial Accountability Stable Token Act,” for financing and state payments

Summary

The purpose of this bill is to create the "Financial Accountability Stable Token Act," or "FAST Act," for finance and state payments; authorize the use of qualifying stable tokens for payments to state vendors and contractors; establish eligibility and reserve requirements; provide for administration and oversight by the State Treasurer; provide for rulemaking and reporting; and provide for severability.

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Feb 12, 2026

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