币界网报道：Senator Kirsten Gillibrand and Congressman Patrick McHenry are spearheading a bipartisan effort to pass stablecoin legislation by early 2025, aiming to establish clear federal oversight for dollar-pegged cryptocurrencies. The proposed bill seeks to balance innovation with consumer protection, requiring stablecoin issuers to maintain 1:1 reserves while allowing non-bank entities to operate under state or federal charters. Key provisions include giving the Federal Reserve authority over large issuers and prohibiting algorithmic stablecoins without proper backing. The lawmakers emphasize this framework would protect users, combat illicit finance, and maintain U.S. dollar dominance in digital payments. The initiative comes as global competitors like the EU advance their own crypto regulations, with proponents arguing timely U.S. action is critical