#USStablecoinBill

The bill wants stablecoins in the U.S. to be fully backed by real reserves (like dollars). Only authorized companies could issue them, and they would have to report transparently. It also prohibits algorithmic stablecoins (like those that collapsed in the past). Control would be divided between state and federal regulators, depending on the size of the issuer. There is political debate because some see this as an attempt to overly control crypto and others believe it is necessary to prevent fraud.