Democrats and Republicans Agree on Stablecoin Rules? ‘STABLE Act’ Advances
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- House Financial Services Committee advances bipartisan ‘STABLE Act’
- Bill aims to create federal framework for stablecoin issuance, provide clarity
- Rep. Hill: Goal is “guardrails, not roadblocks” for stablecoin innovation
The U.S. House Financial Services Committee took a major step forward Wednesday in advancing the “STABLE Act.”
Designed to create a dedicated federal framework specifically for stablecoin regulation, the bill has reportedly gained significant bipartisan support. Both Republicans and Democrats on the committee are said to back its core provisions.
Who Supports the Stable Act?
The Stable Act has received broad reported support from across the political spectrum within the committee. Key sponsors named include prominent Representatives such as French Hill (R-AR), Ritchie Torres (D-NY), Tom Emmer (R-MN), and Bill Huizenga (R-MI).
The legislation is expected to provide essential regulatory clarity for the stablecoin sector. This market has faced considerable uncertainty due to the rapid gro…
The post Democrats and Republicans Agree on Stablecoin Rules? ‘STABLE Act’ Advances appeared first on Coin Edition.
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