#USStablecoinBill

In a significant step towards regulating stablecoins, the Financial Services Committee of the U.S. House of Representatives has clearly approved the **STABLE Act** bill #USStablecoinBill , paving the way for its discussion in Congress. The law aims to ensure that stablecoin issuers comply with strict financial standards, such as disclosing financial reserves and guaranteeing user redemption rights. It also seeks to enhance transparency and protect consumers from risks associated with these digital currencies.

This development comes at a time when concerns are growing about the potential use of stablecoins in money laundering, with particular interest in the launch of projects backed by prominent political figures. Alongside the **STABLE Act**, Congress is awaiting a vote on the **GENIUS Act**, which requires federal licensing for stablecoin issuers and ensures their full backing by U.S. dollars or Treasury bonds. These legislations could radically reshape the cryptocurrency market in the United States.