stableAct

In a noteworthy move, Senate Majority Leader John Thune (Republican) is pushing to expedite the passage of the GENIUS Act – the first bill to create a comprehensive legal framework for stablecoins in the United States. Although seen as a major breakthrough to strengthen the USD’s position in the global financial system, this bill is facing strong opposition from both traditional banking and major players in the crypto industry.

On April 2, 2025, the meeting of the U.S. House Financial Services Committee regarding the STABLE Act became tense as Democrats criticized President Trump's conflict of interest in the stablecoin sector. With the Trump family's World Liberty Financial USD1 product, will the STABLE Act overcome political barriers to legalize stablecoins in the U.S., or will it be derailed by 'conflict of interest'?

STABLE Act: A Legal Step to Regulate Stablecoins