It is reported that the U.S. House of Representatives Financial Services Committee has recently voted to pass the stablecoin regulatory bill, the Clarity for Payment Stablecoins Act. Senior Democratic members of the committee, California Congressman Maxine Waters and South Carolina Republican Congressman Ralph Norman expressed concern about the lack of a clear ban in the legislation, which would prevent large technology companies such as X or retail companies such as Amazon from issuing their own stablecoins. The committee mentioned that X may establish itself as a global payment provider by issuing stablecoins, especially since its new CEO Linda Yaccarino has made it clear that she wants to transform X into a full-scale communications and financial center.