Senate Stablecoin Bill Gains Traction—Here’s What’s in the New Draft

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2025-05-15 18:40:34

Senate Stablecoin Bill Makes Progress With New Draft—Here’s What’s In It

Washington finally moves the needle on crypto regulation—just as Wall Street starts eyeing stablecoins for their own profit pipelines.

Key provisions in the draft:

- Federal oversight claws back power from states, putting the Fed in charge of non-bank issuers

- Reserve requirements get teeth: 100% backing with cash or Treasuries (sorry, ’algorithmic stablecoin’ gamblers)

- Two-year moratorium on Terra-style ’stable’ coins that aren’t actually stable

Of course, the bill still lets banks hoard the real prize—acting as issuers while keeping decentralized players on a tight leash. Because nothing says ’innovation’ like protecting legacy financial intermediaries.

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