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US House of Representatives Approves Stablecoin Innovation and Protection Act
Gate News bot message, the US House of Representatives passed the Stablecoin Innovation and Protection Act with strong bipartisan support. This legislation marks the first significant stablecoin regulation framework at the federal level in the United States.
The bill establishes clear guidelines for stablecoin issuers and aims to enhance consumer protection in the digital asset space. The legislation requires stablecoin providers to maintain adequate reserves and undergo regular audits to ensure financial stability.