#USStablecoinBill

Legislative Developments

Political and Ethical Concerns

House Legislation

In the House of Representatives, the Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act of 2025 (H.R. 2392) has been introduced. This bill proposes that only federally approved entities can issue payment stablecoins and prohibits the payment of interest on such stablecoins.

Industry Response

The crypto industry has shown mixed reactions to these legislative efforts. While some executives advocate for the ability of stablecoins to pay interest, others express concerns about the potential impact of stringent regulations on innovation and market dynamics.

Outlook

The future of U.S. stablecoin regulation remains uncertain. The GENIUS Act's advancement is contingent upon resolving intra-party