On April 2, the US House Financial Services Committee passed the STABLE Act, which now needs to pass a full House vote and then a Senate vote in its next stages of approval into law.
The Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act was passed with a 32 to 17 vote.
The legislation, formally titled the “Stablecoin Tethering and Bank Licensing Enforcement” Act, was introduced in 2020 and failed to pass. It originally aimed to regulate stablecoin issuers by requiring them to obtain banking charters and follow traditional banking regulations.
.@FinancialCmte just passed the STABLE Act. Full speed ahead. pic.twitter.com/6NzNdlHqgc
— Bryan Steil (@RepBryanSteil) April 3, 2025
Stablecoin Regulations Move Forward
The current STABLE Act, introduced again in its amended form in March, differs slightly from a similar bill introduced in 2023.
It gives the Office of the Comptroller of the Currency (OCC) “the authority to approve and supervise federall
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