Digital Assets and AI Subcommittee Chairman Bryan Steil and House Financial Services Committee Chairman French Hill introduced the STABLE Act bill to regulate stablecoins in the US.
The bill aims to create a regulatory framework for the issuance and operation of payment stablecoins.
Regulation is crucial for the growth and adoption of the fintech industry, and the crypto industry, worth trillions, cannot be ignored.
President Trump supports stablecoin regulation to increase dollar dominance, and the STABLE Act bill aligns with his vision.