U.S. House Unveils Stablecoin Bill as Congress Targets August Passage

The STABLE Act joins the Senate's GENIUS Act in a bipartisan push to establish regulatory clarity for stablecoins, with lawmakers optimistic about reconciling differences.

• The House of Representatives released the STABLE Act on March 26, 2025, outlining regulations for dollar-denominated digital tokens.
• The Senate Banking Committee has already advanced its counterpart, the GENIUS Act, to a Senate-wide vote earlier this month.
• Both bills aim to ensure financial stability, protect consumers, and foster innovation by requiring one-to-one asset backing and robust oversight.
• Lawmakers, including Senator Kirsten Gillibrand, emphasize the urgency of passing stablecoin legislation before the August recess to prevent financial crises like the collapses of Silicon Valley Bank and FTX.
• Minor differences between the House and Senate bills are expected to be reconciled, with stablecoin regulation seen as a stepping stone toward broader crypto market structure reforms.

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