The U.S. House Financial Services Committee voted to pass the Stablecoin Regulation Bill

BlockBeats News, April 3rd, the U.S. House Financial Services Committee voted on Wednesday to pass a major bill regulating stablecoins. The bill, titled the "Stablecoin Tethering and Bank Licensing Enforcement (STABLE) Act," was approved by the committee on Wednesday with a vote of 32 in favor and 17 against. This bill will establish a framework for USD-backed stablecoins, setting reserve and capital requirements, including one-to-one reserve backing and anti-money laundering standards. (TheBlock)