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The U.S. House Financial Services Committee passed the stablecoin regulation bill STABLE
Gate.io News bot message, the U.S. House Financial Services Committee passed the “Stablecoin Transparency and Accountability for a Better Ledger Economy” (STABLE) Act with a vote of 32 in favor and 17 against.
The bill establishes a regulatory framework for dollar-denominated stablecoins, clearly stipulating reserve and capital requirements, including one-to-one reserve support and anti-money laundering standards.
Source: TheBlock