#USStablecoinBill

The STABLE Act passed the House Financial Services Committee with a 32-17 vote, despite opposition from some Democrats who raised concerns about conflicts of interest.

- The GENIUS Act has bipartisan support, with Senators Bill Hagerty, Tim Scott, Kirsten Gillibrand, and Cynthia Lummis backing the bill.

- The bills aim to clarify the regulatory environment for stablecoins, but some lawmakers, like Senator Elizabeth Warren, have raised concerns about national security and pushed for tighter limits