The post The US House approves the STABLE Act for stablecoins appeared on BitcoinEthereumNews.com.

The regulation of stablecoins in the United States takes an important step forward. The House Financial Services Committee has approved the bill known as the Stablecoin Transparency and Accountability for a Better Ledger Economy Act, abbreviated as the STABLE Act. With 32 votes in favor and 17 against, the text has been promoted in committee and is set to continue its legislative process, according to what has been reported by Bloomberg. STABLE Act: a clear regulatory framework for a growing technology Signed by the president of the Committee, the Republican representative French Hill (Arkansas), and his colleague Bryan Steil (Wisconsin), the bill aims to establish a comprehensive regulatory framework for the issuance and supervision of dollar-pegged stablecoins. The STABLE Act seeks to provide transparency, regulatory tools, and safeguards that allow the United States to lead financial innovation without sacrificing security and legality. “Blockchain technology continues to transform the way money moves, and regulators must keep up with these transformations,” observed Hill during the hearing. Strict requirements for reserves and anti-money laundering for stablecoin issuers One of the fundamental pillars of the STABLE Act is the introduction of stringent standards regarding reserve coverage. Stablecoins, to comply with the regulation, must have one-to-one coverage, meaning reserves capable of guaranteeing the full value of the tokens issued on the market. Also foreseen are capital requirements and effective measures against anti-money laundering. These mechanisms are designed to avoid systemic risks and to prevent abuses within a sector that is rapidly expanding and attracting both large investors and more speculative projects. From the political impasse to a renewed momentum It is not the first time that the Committee attempts to legislate on stablecoin. Already in 2023, a similar initiative had made some progress, but it then stalled due to disagreements between the parties and criticisms…

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Filed under: News - @ April 3, 2025 12:27 pm