Stablecoin Bill Poised to Pass as House Kicks Off ‘Crypto Week’

Republican House leaders anticipate passing an industry-friendly stablecoin regulatory bill this week, sending Congress’s first major digital assets legislation to the president and kicking off a series of votes on related measures that supporters have dubbed “Crypto Week.”

Industry backers hope the legislation will promote wider use of dollar-denominated stablecoins, marking the first big victory for crypto advocates since they poured hundreds of millions of dollars last year into efforts to elect friendly lawmakers, according to Federal Election Commission filings.