Purpose and Summary
Chamber: House
Introduced date: 2025-03-26
Bill 119 HR 2392, also known as the Stablecoin Regulation Act, aims to regulate the use of payment stablecoins in the United States. Payment stablecoin...
s are a type of cryptocurrency that is pegged to a stable asset, such as the US dollar, to minimize price volatility. The bill seeks to establish a regulatory framework for stablecoins to ensure consumer protection, financial stability, and national security. It requires stablecoin issuers to obtain a license from the Federal Reserve or a designated regulatory agency and comply with certain reporting and disclosure requirements. Additionally, the bill prohibits stablecoin issuers from engaging in certain activities, such as lending or investing stablecoin reserves without proper authorization. It also mandates regular audits of stablecoin reserves to verify their backing by fiat currency or other assets. Overall, the Stablecoin Regulation Act aims to bring transparency and accountability to the growing stablecoin market and protect consumers from potential risks associated with these digital assets. It is currently under consideration in the US Congress and may undergo revisions before being passed into law.
Recent Activity
Referred to the House Committee on Financial Services.
Alternative Names
To provide for the regulation of payment stablecoins, and for other purposes.
To provide for the regulation of payment stablecoins, and for other purposes.
STABLE Act of 2025
STABLE Act of 2025
Stablecoin Transparency and Accountability for a Better Ledger Economy Act of 2025
To provide for the regulation of payment stablecoins, and for other purposes.
Associated Legislation
undefined Policy Areas
Finance and Financial Sector
Potential Impact
undefined Sponsors and Supporters
Rep. Steil, Bryan [R-WI-1]
Rep. Steil, Bryan [R-WI-1]
Rep. Steil, Bryan [R-WI-1]
Rep. Steil, Bryan [R-WI-1]
Rep. Steil, Bryan [R-WI-1]
Rep. Steil, Bryan [R-WI-1]
Cosponsors and Supporters
Rep. Hill, J. French [R-AR-2]
Rep. Torres, Ritchie [D-NY-15]
Rep. Emmer, Tom [R-MN-6]
Rep. Huizenga, Bill [R-MI-4]
Rep. Meuser, Daniel [R-PA-9]
Rep. Kim, Young [R-CA-40]
Rep. Moore, Tim [R-NC-14]
Rep. Downing, Troy [R-MT-2]
Rep. Haridopolos, Mike [R-FL-8]
Rep. Gottheimer, Josh [D-NJ-5]
Rep. Liccardo, Sam [D-CA-16]
Rep. Hill, J. French [R-AR-2]
Rep. Torres, Ritchie [D-NY-15]
Rep. Emmer, Tom [R-MN-6]
Rep. Huizenga, Bill [R-MI-4]
Rep. Meuser, Daniel [R-PA-9]
Rep. Kim, Young [R-CA-40]
Rep. Moore, Tim [R-NC-14]
Rep. Downing, Troy [R-MT-2]
Rep. Haridopolos, Mike [R-FL-8]
Rep. Gottheimer, Josh [D-NJ-5]
Rep. Liccardo, Sam [D-CA-16]
Rep. Timmons, William R. [R-SC-4]
Rep. Hill, J. French [R-AR-2]
Rep. Torres, Ritchie [D-NY-15]
Rep. Emmer, Tom [R-MN-6]
Rep. Huizenga, Bill [R-MI-4]
Rep. Meuser, Daniel [R-PA-9]
Rep. Kim, Young [R-CA-40]
Rep. Moore, Tim [R-NC-14]
Rep. Downing, Troy [R-MT-2]
Rep. Haridopolos, Mike [R-FL-8]
Rep. Gottheimer, Josh [D-NJ-5]
Rep. Liccardo, Sam [D-CA-16]
Rep. Timmons, William R. [R-SC-4]
Rep. Lawler, Michael [R-NY-17]
Rep. Nunn, Zachary [R-IA-3]
Committees and Subcommittees
Financial Services Committee
Variations and Revisions