Editor's PiCK
US House Releases Full Text of Stablecoin Bill…Possibility of Passing Before April Recess Increases
Summary
- The US House has released the Stablecoin Regulation Act, which focuses on clarifying issuer responsibilities and increasing transparency.
- Bryan Steil stated that this bill will narrow the differences between the House and the Senate, raising expectations for its passage.
- Senator Kirsten Gillibrand indicated that the Stablecoin Bill is likely to pass before the April Easter recess, drawing investor attention.
The US House of Representatives has released the full text of the 'Stablecoin Regulation Act (STABLE Act)'.
According to CoinDesk on the 26th (local time), the US House has published the full text of the Stablecoin Regulation Act, which aims to enhance transparency and clarify issuer responsibilities for stablecoins.
Bryan Steil, a Republican member leading the Digital Assets (Cryptocurrency) Subcommittee within the House Financial Services Committee, stated that the bill "will be one that narrows the differences between the House and the Senate."
There is growing anticipation that the stablecoin bill will pass quickly. Senator Kirsten Gillibrand stated, "There is a possibility that Congress will pass the stablecoin bill before the April Easter recess. It will certainly pass before the August summer break at the latest."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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