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U.S. House Passes STABLE Act: Trump’s Stablecoin Ties Spark Debate

  • The U.S. House Financial Services Committee has passed the STABLE Act, a bill aimed at regulating stablecoins.
  • Democrats express concern over Donald Trump's involvement with World Liberty Financial and its USD1 stablecoin.
  • Republicans are pushing for quick action on stablecoin regulations while Democrats raise questions about Trump's personal gain.
  • The House also discussed banning a U.S. central bank digital currency (CBDC) and combating illicit crypto activities.

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