#USStablecoinBill EE. UU. advances in stablecoin regulation with new bipartisan project
The U.S. Congress has introduced a bipartisan bill aimed at establishing a clear regulatory framework for stablecoins issued by private entities, such as USDC and USDT. This legislation is seen as an important step towards providing legal certainty for the crypto sector.
Key points of the project:
Only authorized institutions will be able to issue USD-backed stablecoins.
It requires verifiable 1:1 reserves and periodic audits.
It prohibits algorithmic stablecoins without tangible backing.
The SEC and the Federal Reserve will work together with a new digital financial oversight body.
Reactions from the sector:
Circle (issuer of USDC) and Coinbase have expressed their support.
Tether remains silent for now.
Some crypto advocates warn of excessive centralization.
Highlighted quote:
"This law will ensure that stablecoins are safe and useful without stifling innovation." — Patrick McHenry, Republican Congressman
Suggested hashtags: