US Moves Forward with Bipartisan Stablecoin Regulation Bill

In a landmark move for the digital asset industry, the United States is advancing stablecoin regulations through a new bipartisan bill. Spearheaded by US Representative Maxine Waters, the proposed legislation aims to establish a clear regulatory framework for stablecoin issuers, marking a significant shift in the country’s approach to crypto oversight.

The bill reflects growing political momentum for structured cryptocurrency policies, especially amid the pro-crypto stance of the returning Trump administration. However, its bipartisan nature and extensive consultations with the Treasury Department and the Federal Reserve indicate a broader push for regulatory clarity beyond party lines.

Under the draft proposal, stablecoin issuers—both bank and nonbank entities—would fall under Federal Reserve supervision. Key provisions include stringent compliance measures and a requirement for one-to-one asset reserves, ensuring stability within the sector. With strong bipartisan backing and technical input from key financial authorities, the bill stands a solid chance of progressing through Congress, potentially reshaping the future of stablecoins in the US.