It is an act that has not yet been passed by Congress.
It is for anyone/organization that is establishing a stable coin (digital currency) and the regulations they must follow. It has no tax impact on the rest of us (at least yet).
While there have been a couple of new stablecoins established this year, I am curious as to why the regulations are now being established. I cannot imagine regulations did not exist previously. If anything of interest transpires, I will keep you informed