- House Financial Services Committee advances bipartisan ‘STABLE Act’
- Bill aims to create federal framework for stablecoin issuance, provide clarity
- Rep. Hill: Goal is “guardrails, not roadblocks” for stablecoin innovation
The U.S. House Financial Services Committee took a major step forward Wednesday in advancing the “STABLE Act.”
Designed to create a dedicated federal framework specifically for stablecoin regulation, the bill has reportedly gained significant bipartisan support. Both Republicans and Democrats on the committee are said to back its core provisions.
Who Supports the Stable Act?
The Stable Act has received broad reported support from across the political spectrum within the committee. Key sponsors named include prominent Representatives such as French Hill (R-AR), Ritchie Torres (D-NY), Tom Emmer (R-MN), and Bill Huizenga (R-MI).
The legislation is expected to provide essential regulatory clarity for the stablecoin sector. This market has faced considerable uncertainty due to the rapid growth and evolution of digital assets generally in recent years.
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Committee Chairman French Hill emphasized the need for clear federal regulations to ensure the safe and effective use of stablecoins within the US financial system. He also stressed the bill aims to create practical “guardrails, not roadblocks” for ongoing financial innovation in this space.
This perspective reportedly reflects the apparent bipartisan consensus reached within the committee: while stablecoin innovation is viewed as vital, it requires careful management to mitigate potential consumer protection and financial stability risks.
What Are Stablecoins and Their Potential Benefits?
Stablecoins are a type of digital asset typically pegged to the value of a reserve asset, in this case, fiat currency as the US dollar.
They offer a faster, more efficient alternative to traditional payment systems, making them appealing for facilitating low-cost global payments.
Supporters of the STABLE Act argue that with a robust US regulatory framework, dollar-pegged stablecoins could even help strengthen the US dollar’s international position as the world’s primary reserve currency.
Were Other Related Bills Discussed?
In addition to the primary STABLE Act, several other related digital asset bills were discussed during Wednesday’s committee hearing.
Notable among these were H.R. 2392, titled the “Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act of 2025,” and H.R. 2384, the “Financial Technology Protection Act of 2025.”
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These related bills, along with various proposed amendments discussed, broadly aim to address wider regulatory concerns surrounding new digital financial technologies and help ensure the safety of consumers and businesses interacting with them.
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