#USStablecoinBill The US Stablecoin Bill, also known as the Clarity for Payment Stablecoins Act (H.R. 4766), is a proposed legislation aimed at regulating stablecoins in the United States. Here are the key details:

Key Provisions

- *Definition of Payment Stablecoins*: The bill defines payment stablecoins as digital assets pegged to the value of a fiat currency, designed for use as a medium of exchange.

- *Regulatory Framework*: The bill proposes a regulatory framework for payment stablecoins, including requirements for issuers and custodians.

- *Reserve Requirements*: The bill outlines reserve requirements for stablecoin issuers, ensuring that stablecoins are backed by high-quality assets.

Legislative Progress

- *Introduced in the House*: The bill was introduced in the House of Representatives in 2024.

- *Committee Review*: The bill is currently under review by the House Financial Services Committee.

Impact

- *Clarity for Issuers*: The bill aims to provide clarity for stablecoin issuers on regulatory requirements.

- *Consumer Protection*: The bill includes provisions to protect consumers, such as requirements for transparency and disclosure.

- *Innovation*: The bill is designed to foster innovation in the stablecoin market while ensuring regulatory compliance ¹.