Date: 2025-04-02
The US House Financial Services Committee has passed a Republican-backed stablecoin framework bill, which will now head to the House floor for a full vote.The Committee passed the Stablecoin Transparency and Accountability for a Better Ledger Economy, or STABLE Act, with a 32-17 vote on April 2. The bill would provide rules around payment stablecoins, a type of crypto token tied to a currency such as the US dollar, and aims to ensure issuers give information about their business and how they back their tokens.Related: Lawmaker alleges Trump wants to replace US dollar with his stablecoinOther stablecoin-related bills are also working their way through Congress, including the Guiding and Establishing National Innovation for US Stablecoins (GE...
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