American lawmakers Brian Style and French Hill today presented stablecoins transparency and liability law for a better accounting economy (Stable), a project that seeks to establish a legal framework for stable, stupid operations linked to the dollar.
Supported by legislators on both parties, the initiative arrives at a critical moment in regulating digital assets and adds to previous efforts such as the Genius Act, which has already advanced in Congress.
Hill, the president of Digital Assets Subcommittee, Financial Technology and Artificial Intelligence, and the leader of the House Financial Services Committee, leads the proposal. This promises clarity of regulations for growing sectors.
The stable legislation has the support of figures such as Tom Emmer, the leader of the majority of the Chamber of Commerce and vice president of the Digital Assets Subcommittee, and Richie Torres, a Democrat in New York. Emmer emphasized that the law positions the United States as a leader in modernizing the global financial system, but Torres emphasized the importance of integrating stylization into the financial system in a responsible way.
Other copatrotinters include Republicans such as Bill Huizenga, Michael Maser and Young Kim, as well as Democrats such as Josh Gottimer and Silvio Ricardo.
This project doesn’t come from anything, Steil and Hill have been working on it for months. February, Both presented the first drafts that laid the foundation for this law.followed by six weeks of consultations with Congressional members and stakeholders. The process included hearings between the Digital Assets Subcommittee and the Financial Services Commission. Where the details of the proposed framework are refined.
According to Steil, the goal is to ensure the future of financial payments and maintain the dollar territory as the global reserve currency.
Two projects to regulate stubcoin
The presentation of stable laws is consistent with another ongoing legislative effort, the genius law, and also focuses on the regulation of stable ones. As reported by Cryptonotics, the project was approved by the Senate Banking Committee a few days ago, and cryptoactive discussions have made great strides.
Unlike Stable, which prioritizes the general framework of operation and issuance, a genius includes certain provisions such as the Treasury Secretary’s faculty and orders the freeze of Stablecoins transactions (USDCs), such as USDTs (USDTs) and USD Coins (USDCs), if suspected to be fraudulent. This measurement, which is notified by the same medium, adds its control layer Both proposals could affect how perceived in the financial sector.
Political context also plays an important role. President Donald Trump recently expressed his support for the Stubcoin Act, urging Congress to pass it before the August break.
The usual pressure on this market is not new. Stablecoins, digital tokens designed to maintain stable value for dollars or another asset, have gained relevance in recent years. Especially in cross-border payments and diversified finance.
However, the difference between stable and genius can cause tension. Stable is looking for a wide range of collaborative, innovative approaches, but Genius introduces more rigorous supervision tools.
For example, the transaction freeze raised in the genius is intended to combat fraud, but it could also limit the flexibility of Steubcoin, which appears to be avoiding the stable aspect. When focusing on transparency and stability.
There’s still a way to go. A stable law, after a full legislative process, faces debate in the House, and if approved, the genius is already in the advantage of the Senate.
The coexistence of both projects raises questions about how they will harmonize, whether they will do it, or whether it will win. For now, Steil and Hill bet on a framework that drives innovation without sacrificing consumer protection. A balance that will be tested in the next few weeks.
The impact of these laws could be global. Stablecoins travel billions of dollars every day, and regulations in the US will affect international markets. Trump supports the cause, and Congress is moving forward alongside a stable genius. 2025 can be marked before and after digital assetsdefining the role of dollars in an increasingly digitalized world.
(tagstotranslate) Cryptocurrencies
