The U.S. Congress’ opening priority for the crypto industry is to quickly finish a stablecoin oversight bill, and the House of Representatives has released the text of its version on Wednesday, following in the heels of a recent committee approval of its Senate counterpart.
The House version, introduced by Rep. Bryan Steil, who leads the House Financial Services Committee’s crypto panel, and Rep. French Hill, the Republican chair of the overall committee, governs the way companies can issue dollar-denominated digital tokens.
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The new version will “close the gap” between the House efforts and the Senate version of the bill, Steil said during a conference appearance Wednesday.
The Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE Act) “is a
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