U.S. House Committee Passes Stablecoin Regulation Bill

In Brief:

The STABLE Act passes 32–17, setting national rules for U.S. dollar-backed stablecoins.

Bill requires 1:1 reserves, AML compliance, and liquidity safeguards.

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On April 3, the U.S. House Financial Services Committee voted to advance a key piece of legislation aimed at regulating stablecoins. The bill, titled the "Stablecoin Transparency and Accountability for Better Ledger Economics" (STABLE) Act, was approved with 32 votes in favor and 17 against.

The proposed legislation outlines a federal framework for U.S. dollar-denominated stablecoins, introducing the following requirements:

• 1:1 reserve backing for all issued stablecoins
• Capital and liquidity standards for issuers
• Anti-money laundering (AML) and compliance measures

If passed by the full House and Senate, the STABLE Act would become the first major federal law to directly regulate the issuance and management of stablecoins in the U.S.

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