The US representative’s Financial Services Committee has officially approved stable laws. It is officially known as the Stablecoins Transparency and Responsibility Act for a Better Economy, winning 32 votes and 17 votes.
Identified as HR 2932, proposals to establish a federal regulatory framework for Stablecoins are on the way forward now Towards discussions at the Lower House Plenarymarks a key step in regulating these digital assets in the country.
The vote, held on April 2nd after the 13-hour session, reflected bipartisan support. Six Democrats joined Republicans to support the projectIt will be led by French representative Hill and Brian Steele.
The stable law, presented one month ago on March 26, 2025, establishes strict requirements for stable issuers, such as maintaining 1:1 reservations on high-quality assets, prohibiting risky relocation of assets, and conducting monthly audits, as detailed by Cryptoics. In addition, forces emitters Publicly spread the booking structurepromoting transparency in sectors facing criticism due to lack of clarity.
This is the second US bill to regulate stablecoins in 2025 after the Genius Act, approved by Senate banks, housing and urban areas on March 13th, with a vote of 18-6.
The genius law presented by Senator Bill Hagerty, gaining bipartisan support from figures such as Cynthia Lumith and Kirsten Gillibrand. It also establishes a regulatory framework for these assets.limit the issuance of authorized entities, request 1:1, classify the issue as a financial institution under the Bank’s Secret Act, as crypto is reported.
Both projects reflect the efforts of Congress to address stablecoins; Input points for tuning the cryptocurrency ecosystem Because it has lower volatility compared to other digital assets.
Stablecoins are cryptocurrencies designed to maintain stable value as they are linked to assets such as the US dollar and have gained relevance in recent years. USD Tether (USDC) and USD Coin (USDC), the largest in the market, They accumulate $143,000 million and $59,000 million in capitaland are widely used in cryptocurrency trading and international transfers, respectively.
However, its growth has generated concerns about financial stability and risk for consumers, particularly after the collapse of Terra-Luna and others in 2022. This resulted in a loss of $40 billion.
The stable law addresses these concerns with specific measures. It requires that stability reserves be banned from practices that can be made up of liquid assets such as US Treasury debt with short maturities and could undermine the stability of the funds. The emitter also establishes that the immediate redemption of the token is guaranteed to nominal value and that it must protect the user.
This project produced mixed reactions. Defenders such as Steil, who announced the progress of the project on Social Network X, will see it as a step towards modernizing the US financial system and will maintain the country as a leader in the Stablecoins ecosystem. Meanwhile, critics, including several Democrats, have expressed concern since the massive use of stubcoin. You can reduce your traditional bank depositsaffects your ability to provide loans.
The example is the American Association of Bankers, and a recent statement highlighted that, as reported by the medium, stubcoin reserves should be maintained in US banks to mitigate this impact, taking into account that these assets interfere with the role of banks.
The stable legislative path will not end approval by the Financial Services Commission. Now he will face debate at the House plenary session, where he will need the majority support to advance to the Senate. It is achieved, It can be converged with the genius lawthis is already heading for the Senate vote.
The match between both projects suggests 2025 It could be a significant year for US stubcoin regulationsissues that were priorities in Congress under the Second Trump administration promise to boost the “golden age” of cryptocurrency.
