The U.S. House Financial Services Committee voted to pass a stablecoin regulatory bill

ChainCatcher News, the U.S. House Financial Services Committee voted on Wednesday to pass a significant bill regulating stablecoins. The bill, titled "Stablecoin Transparency and Accountability for a Better Ledger Economy" (abbreviated as STABLE), was approved by the committee with a vote of 32 in favor and 17 against. The bill will create a framework for dollar-pegged stablecoins. It outlines reserve and capital requirements, including one-to-one reserve backing and anti-money laundering standards.