The stable Act, a bill to supervise stablecoins in the United States, is advancing. When the latest administrative formalities have been paid, the world's leading power will be able to supervise and authorize the circulation of these new private currencies. But even before it is finished, the stable Act is already debated. Analysis.
What is the stable Act?
Since November 6the United States lives to the rhythm of cryptocurrencies.
President elected, Donald Trump, has initiated a series of measures favorable to companies in the sector. Among the main donors of his campaign was Circle, The company issuing the Stablecoin USDC.
Stablecoins occupy a central place in the economic upheaval caused by the blockchain. This is a new step in The evolution of money, A change that concerns the entire population.
To be able to supervise these new tools, the United States is setting up The stable act, Acronym of Stablecoin Transparency and Accountability for A Better Ledger Economy.
This law should be finalized for the month of August, But we already know the contours.
What is a Stablecoin? Discover our guide!
Stablecoins issuing companies would be considered banks. As such, they will have the obligation to have a banking license and to submit to American financial regulations.
These companies will be supervised by state regulation agencies, as The Office of the Comptroller of the Currencythere Fdicbut also the Federal reservethat Elon Musk would however like to make disappear.
These measures aim above all to protect consumers, But not only. The objective is also to select and control companies who will launch a stablecoin. Ultimately, an too strict framework could even have a negative effect on innovation in the Crypto sector.
Although it is too early to have a final opinion on the issue, This law is a positive signal. The creation of a regulatory framework is the first step for the integration of large -scale technology. A mass adoption which could then promote The crypto market as a whole.
Open an account on N26, the crypto-friendly bank
The Stablecoins Act already divides the environment
Changes that go in the right direction, but maybe not fast enough depending on the CEO of Coinbase, Brian Armstrong. Without explicitly mentioning the stable Act, the latter published a long thread on X defending a much greater vision of the stablecoins.
One particular point is Important for Brian Armstrong : that the stablecoins give access to the interest rates of central banks, Like the dollar. A way according to him, to give ” A larger share of the cake »To consumers.
It remains to be seen whether the voice of the CEO of Coinbase will be heard in Washington.
This is the iPhone moment of Bitcoin according to Alexandre Laizet, Michael Saylor French
Coinbase, in the same way as Circle, has given significant funds For Donald Trump's campaign. With other large American crypto companies, they financed PAC Fairshake, a political weapon with $ 210 million with a single goal: Defend the interests of cryptocurrencies.
Today, many crypto figures have accessed power. David Sachs is the Cryptoczar; Cynthia Lummis Headquarters in Banking Committee in the Senate which introduced a version of the stable act.
Crypto industry has joint for shoot Gary Gensler and Elizabeth Warren. Now in power, Will interest diverge?
Trade crypto volatility decentralized with Dydx
Source: House.gov
The crypto newsletter n ° 1 
Receive a summary of crypto news every day by email 
Certain links present in this article may be affiliated. This means that if you buy a product or register on a site from this article, our partner gives us a commission.
Investments in cryptocurrencies are risky. There is no guaranteed high yield, a product with high performance potential implies a high risk. This risk taking must be in line with your project, your investment horizon and your ability to lose part of this savings. Do not invest if you are not ready to lose all or part of your capital
Cryptocurrency expert, Marc-Antoine began his trip to the web 3 alongside David Prinçay (current president of Binance France) in the French Cryptomonnaies club. Since then, it was by writing articles in the most famous crypto media in France that he spreads the good word. If you have read an article on the crypto, there is a good chance that you have read one of its articles. NFT, Blockchain, Web 3, DEFI, there is not a sector that is foreign to it. And do not ask him what is the next corner that you should buy: it is a maximalist bitcoin (yes, no one is perfect).
Marc-Antoine Caen Poletti
78 articles
