1. United States
2. Mich.
3. Letter

I am writing to express my strong support for H.R. 2392, the STABLE Act of 2025, which aims to establish a comprehensive regulatory framework for payment stablecoins. I believe this legislation is crucial for thwarting government corruption, safeguarding the integrity of our financial system, and protecting consumers in the rapidly evolving digital asset landscape. The increasing adoption of stablecoins presents both opportunities and challenges. This legislation addresses the concerns that digital assets pose regarding : Financial Stability: Unregulated stablecoins create systemic vulnerabilities, particularly if a large issuer experiences a "run" or fails. H.R. 2392's regulatory provisions would help mitigate these risks by ensuring adequate reserves and transparency. It would establish clear rules and standards for stablecoin issuers, preventing the creation of vulnerabilities from fraud, market manipulation, and inadequate reserves. Money Laundering and Terrorism Financing: The anonymity and speed of stablecoin transactions can be exploited for illicit activities. H.R. 2392's regulatory framework will enable the implementation of robust Anti-Money Laundering and Counter-Terrorism Financing measures, preventing the use of stablecoins for illegal purposes. Government Corruption: Enhanced transparency and traceability of financial transactions through regulated stablecoins can create a barrier to corrupt practices. Clear regulatory frameworks can make it more difficult to hide illicit funds or engage in bribery and other forms of corruption. By requiring detailed record-keeping and reporting, H.R. 2392 can add an additional layer of accountability, which can help to reduce the ability for bad actors to hide corrupt financial transactions. H.R. 2392 represents a vital step towards creating a secure and responsible environment for stablecoin innovation. By establishing clear regulatory guidelines, this legislation will foster growth while mitigating the potential risks associated with these digital assets. I urge you to support H.R. 2392 and work towards its swift passage. Thank you for your commitment to protecting our financial system and consumers, and for your dedication to reducing corruption within our government.