Stablecoin Bill in the US Postponed to September - Coinleaks
Current Date:September 21, 2024

Stablecoin Bill in the US Postponed to September

The stablecoin bill, which has been on the agenda for a long time in the USA, has been postponed to September.

US lawmakers have delayed consideration of a bill to regulate stablecoins, according to sources familiar with the matter. The bill will be considered after the August recess of Congress.

The potential bill would constitute the first stage to take drastic measures to the industry, which has developed with almost no regulation. Biden administration officials believe current laws are insufficient to protect investors.

Especially after the Terra collapse, the measures of the regulators to regulate stablecoins have increased considerably. In the US, it is stated that in a scenario where stablecoins cannot be regulated, these assets could pose a threat to financial stability.

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