Placed on the Union Calendar, Calendar No. 68.
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A stablecoin is a digital asset that aims to maintain a stable price (e.g., a 1:1 peg) with a reference asset, such as the U.S. dollar. In the 119th Congress, legislation to regulate payment stablecoins has seen legislative action in the House (H.R. 2392) and Senate (S. 1582). This In Focus analyzes some of the key is…
On April 2, 2025, the House Financial Services Committee ordered to be reported an amendment in the nature of a substitute to H.R. 2392, the Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act of 2025. The bill would establish a regulatory framework for stablecoins. Requirements for Iss…
Cryptocurrencies (or crypto) are digital assets exchanged and recorded on public distributed ledgers (known as blockchains) that do not require central intermediaries (e.g., commercial banks, central banks) for clearing and settlement. Transactions are public and users are pseudonymous, so, while transactions are visi…
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