#USStablecoinBill

An important step in regulating stablecoins, the Financial Services Committee of the U.S. House of Representatives has clearly approved bill **STABLE Act** #USStablecoinBill , paving the way for discussion in Congress. The law aims to ensure that stablecoin issuers comply with strict financial standards, such as the disclosure of financial reserves and guaranteeing users' redemption rights. It also seeks to enhance transparency and protect consumers from the 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 operations, with particular interest in launching projects backed by prominent political figures. In addition to 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 digital currency market in the United States.