House Sends Stablecoin Bill to Trump’s Desk, Capping Off a ‘Crypto Week’ of Wins
In a major move for the crypto industry, the U.S. House of Representatives has officially passed a long-anticipated stablecoin regulation bill, sending it to former President Donald Trump’s desk for approval—marking the final piece in a series of wins during what many are calling “Crypto Week” in Washington.
The bill, titled the Stablecoin Clarity Act, seeks to create a national framework for the issuance and oversight of stablecoins—cryptocurrencies pegged to fiat currencies like the U.S. dollar. It clarifies the roles of federal regulators, sets capital and reserve requirements for issuers, and opens the door for banks and non-bank entities alike to issue digital dollars under strict guidelines.
Key Provisions of the Bill:
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Federal and State Oversight: The bill gives both the Federal Reserve and state regulators jurisdiction over stablecoin issuers, depending on their registration and scale.
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Transparency Requirements: Issuers must provide clear disclosures on reserves, audits, and consumer protections.
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Interoperability: Promotes standards that ensure stablecoins can work across different blockchains and financial systems.
This comes on the heels of a whirlwind week for crypto policy:
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The Senate passed a bipartisan crypto tax reform package.
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A long-awaited SEC settlement on crypto custody rules was announced.
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The Treasury Department released a report endorsing blockchain innovation in payments.
Trump has signaled growing support for digital assets, making it likely he will sign the stablecoin bill into law—an act that would mark a significant shift in U.S. crypto policy under his leadership.
What It Means for Crypto Investors and the Industry:
This legislative momentum signals a turning point. With stablecoin clarity, institutional players may be more willing to enter the market, and global companies can begin planning for U.S.-compliant product launches. Investors may also see increased legitimacy and less volatility in the stablecoin sector.
With regulatory rails forming and bipartisan support growing, the U.S. could be positioning itself as a leader in digital currency innovation just as the global race for CBDCs and fintech dominance heats up.
