U.S. lawmakers are advancing a regulatory framework for stablecoins, with a draft bill introduced in both the House and Senate. The proposed legislation aims to regulate payment stablecoins and reinforce the U.S. dollar's status as a reserve currency. Key provisions include a two-year ban on self-issued stablecoins and a requirement that issuance be limited to U.S.-registered banks and licensed depository institutions. The bill is backed by House Republicans, including French Hill and Bryan Steil, and is seen as a response to the growing need for federal oversight in the cryptocurrency market. Federal authorities, including the Treasury, are tasked with assessing risks associated with stablecoins to ensure market stability and security. The introduction of this bill aligns with ongoing discussions about the future of cryptocurrency regulation in the U.S., as officials emphasize the importance of a clear framework to support both innovation and consumer protection.