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US Lawmakers Eye Stablecoin Legislation Amid Political Shifts

US lawmakers are gearing up for potential stablecoin legislation amidst political changes, aiming to address the growing $159 billion stablecoin market.

US lawmakers are gearing up for potential stablecoin legislation amidst political changes, aiming to address the growing $159 billion stablecoin market.

  • US expected to enact stablecoin law in 2025
  • Bipartisan efforts underway, buoyed by industry growth
  • Regulatory actions globally prompt US action
  • Political landscape influences timing

US lawmakers anticipate stablecoin legislation in 2025, with bipartisan efforts gaining momentum. Jonathan Padilla, former PayPal blockchain strategist, foresees Republican leadership facilitating regulatory progress. Despite bipartisan agreement on the necessity of laws, disputes persist over regulatory jurisdiction.

The expanding $159 billion stablecoin market underscores the need for regulatory guardrails. Recent industry developments, including Ripple’s coin launch and Ethena Labs’ funding, highlight the market’s dynamism. As global regulators, such as the EU and UK, implement stablecoin rules, the pressure mounts on the US to act.

SourceDL News

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