60327869746 An important step in regulating stablecoins, the House Financial Services Committee in the U.S. Congress has clearly approved the **STABLE Act** bill, 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 ensuring 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 activities, with particular interest in launching 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 guarantees full backing by U.S. dollars or Treasury bonds. These legislations could radically reshape the digital currency market in the United States.