#TrumpTariffs
Today in crypto, the US House Financial Services Committee voted through a stablecoin bill, First Digital’s stablecoin depegged after Justin Sun’s claims of insolvency, and VanEck filed the first step for a BNB exchange-traded fund in the United States.
The US House Financial Services Committee passed a Republican-backed stablecoin framework bill with a 32-17 vote on April 2, with six Democrats voting in favor.
The bill, the Stablecoin Transparency and Accountability for a Better Ledger Economy, or STABLE Act, will now head to the House floor for a full vote. It aims to provide rules around payment stablecoins and ensure issuers give information about their business and how they back their tokens.
