<ul><li>The US House Financial Services Committee has formally introduced the Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act.</li><li>The bill, which seeks to create a well-defined regulatory environment for dollar-backed stablecoins, was passed with 32 in support and 17 opposed.</li><li>Legislators debated Trump's crypto participation and stablecoin interest earnings before approving the law.</li><li>The passing of the STABLE Act signifies a major step toward regulating stablecoins and dictating wider crypto industry policies.</li></ul>

US Senate Committee Pushes STABLE Act to Regulate Stablecoins

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