According to ChainCatcher, the U.S. House Financial Services Committee voted on Wednesday to pass a major bill regulating stablecoins. The bill, named the "Stablecoin Transparency and Accountability for Better Ledger Economics" (STABLE), was approved by the committee with 32 votes in favor and 17 votes against. The bill will create a framework for U.S. dollar-denominated stablecoins. It stipulates reserve and capital requirements, including one-to-one reserve backing and anti-money laundering standards.