The U.S. House of Representatives is set to introduce the STABLE ACT , a federal bill that has been aimed to regulate stablecoins and provide a clear framework for their issuance within the crypto market, today March 26, 2025. Representative Bryan Steil announced this at the Digital Chamber Blockchain Summit held today, March 26, 2025 at Washington. This information was then reported by Eleanor Terrett, a well-known crypto journalist and former producer at Fox business on social media platform X.
The STABLE Act, short for Stablecoin Transparency and Accountability for a Better Ledger Economy Act, aims to support innovation, protect consumers and investors, and strengthen the U.S. dollar’s position as the world’s reserve currency.
The key part of of this law gives the Office of the Comptroller of the Currency (OCC) the power to oversee and approve companies that issue stablecoins, but are not banks. This means that the OCC will make sure that these companies operate safely and follow all the necessary rules and regulation for better compliance.
Potential Impact of STABLE Act
The introduction of this Act could have a great impact on the cryptocurrency sector. On one hand, it could increase regulatory clarity and promote institutional interest. With this act, the issuers will have to maintain reserves and comply with strict standards, and will also protect consumers and enhance trust in the sector.
On the other hand, these stringent requirements could hinder innovation, increase operational costs for smaller issuers and will lead to a centralized control within established financial institutions.
The GENIUS Act
The introduction of the STABLE Act in the House follows the introduction of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act in the Senate, indicating a bipartisan effort to create a regulatory framework for stablecoins.
The GENIUS Act requires stablecoins to be fully backed on a 1:1 basis with the U.S. dollars or other high quality liquid assets. It defines a “payment stablecoin” as a digital assets designed for use as a means of payment or settlement.
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