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US House Financial Services Committee Releases Third Draft of Stablecoin Bill with Bipartisan Proposals

The United States House Financial Services Committee has released the third draft of the stablecoin bill, which aims to provide clarity for the digital asset ecosystem. The latest version of the bill proposes the Federal Reserve as the key regulator for issuing stablecoins, but also grants state regulators powers to oversee the companies issuing the tokens.

The bill also discusses legislation on who can issue stablecoins and the requirements for payment stablecoins. If approved, the bill would offer the first comprehensive guidance on the supervision and enforcement of stablecoin markets in the US.

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