On April 2, the US House Financial Services Committee voted in favor of the Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act, designed to regulate stablecoins. This follows a similar GOP-backed bill from the Senate. Both bills aim to establish oversight and reserve rules for stablecoin issuers. Meanwhile, First Digital's stablecoin, FDUSD, faced issues after claims of insolvency by Tron’s Justin Sun, though First Digital insists that the currency is fully backed and redeemable at a 1:1 ratio with the US dollar. They plan to take legal action against Sun for his comments. Additionally, investment firm VanEck has filed to register a trust for an exchange-traded fund (ETF) linked to Binance's BNB cryptocurrency, indicating interest in creating a US-based BNB ETF.

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