Crypto News: U.S. House Introduces Stablecoin Bill in Push for Crypto Clarity

The U.S. House of Representatives has officially introduced its version of a stablecoin oversight bill, marking a significant step toward establishing a regulatory framework for dollar-backed digital assets. The move comes amid a surge in crypto-related legislative activity on Capitol Hill, including renewed efforts around IRS-related crypto taxation in the Senate.Key Highlights:The bill, known as the Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act, was introduced by Rep. Bryan Steil and Rep. French Hill, chairs of the House Financial Services Committee and its crypto subcommittee.The House version aims to align closely with the Senate’s recently approved bipartisan version, bridging prior legislative gaps.The bill governs how companies issue dollar-denominated digital tokens, emphasizing transparency, accountability, and consumer protection.Rep. Tom Emmer, a long-time crypto advocate, stated that the two versions of the bill have “minor differences” that can be resolved as the legislation progresses.Legislative Momentum:With the Senate Banking Committee having already advanced its stablecoin bill to the floor, and the House now formally entering the process, lawmakers are signaling that stablecoin regulation is a top crypto priority in 2025.Both versions of the STABLE Act focus on ensuring that issuers of stablecoins maintain sufficient reserves, provide regular disclosures, and operate under clear regulatory oversight, particularly for systemic and non-bank issuers.Expanding the Crypto Policy AgendaAlso on Wednesday, Rep. Tom Emmer reintroduced his Securities Clarity Act, a bill that seeks to define how a crypto asset might fall within the U.S. securities law framework. The bill, originally part of the Financial Innovation and Technology for the 21st Century Act (FIT 21), was reintroduced alongside Democratic Rep. Darren Soto, signaling continued bipartisan support for regulatory clarity.Emmer, Steil, and other key lawmakers involved in shaping crypto policy appeared at the DC Blockchain Summit, a crypto policy event hosted by the Digital Chamber. During the summit, many expressed optimism that stablecoin legislation could be finalized by August.As the conference wrapped up, the Senate was preparing for a second vote on a Congressional Review Act resolution aimed at overturning the IRS’ 2024 regulation on DeFi broker reporting. While both chambers have previously passed the resolution — and President Trump is expected to sign it — Senate procedural rules require an additional vote because the House must initiate tax-related legislation.What It Means for the MarketThe synchronized momentum in both chambers of Congress boosts the likelihood of a comprehensive stablecoin regulatory framework being passed this year. This legal clarity could accelerate institutional adoption of compliant stablecoins and provide structure for exchanges and developers navigating U.S. law.The renewed introduction of the Securities Clarity Act and progress on IRS DeFi regulation rollbacks highlight broader Congressional efforts to reshape how crypto fits into the traditional financial regulatory landscape.Lawmakers appear focused on building a cohesive digital asset framework that balances innovation, investor protection, and compliance — with stablecoins leading the charge, according to CoinDesk.