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by: xpoolPosted on: April 3, 2025

House Votes to Advance Stablecoin Transparency Act

On Wednesday, the House Financial Services Committee took a significant step towards regulating the stablecoin market by voting to advance the STABLE Act. This bill aims to enhance clarity and structure for the industry, requiring issuers of dollar-pegged stablecoins like USDT and USDC to disclose backing and maintain adequate reserves. 32 members supported the bill while 17 opposed its passage.

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Crypto Regulation DeFi Stablecoin

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