The Digital Chamber of Commerce urges U.S. legislators to immediately pass stablecoin legislation

Digital Chamber of Commerce Chairman Cody Carbone said he expects stablecoin legislation to land on the desk of elected President Donald Trump in 2025. The organization detailed the use of stablecoins in a report titled "How Stablecoins Expand Dollar Dominance" released Tuesday morning, and pushed for swift passage of a stablecoin bill to keep up with its growing usage. The report stated that stablecoins are increasingly used for cross-border savings and payments. The Digital Chamber also plans to meet with leaders from the Federal Reserve, Office of the Comptroller of Currency, House Financial Services Committee, and Senate Banking Committee this week.