As of now, there have been several developments in the US stablecoin policy landscape. The most recent news is that the US Treasury Department is reportedly working on a framework for regulating stablecoins. This move comes as regulators and lawmakers are increasingly concerned about the risks posed by stablecoins to the financial system.

The Treasury Department's framework is expected to address issues such as investor protection, anti-money laundering measures, and the potential impact of stablecoins on monetary policy. The goal is to create a regulatory framework that ensures stablecoins are subject to the same level of oversight as traditional financial institutions.

In addition to the Treasury Department's efforts, the Federal Reserve is also exploring the possibility of issuing its own central bank digital currency (CBDC) as a way to compete with stablecoins. The Fed has expressed concerns about the potential risks posed by stablecoins, such as the potential for destabilizing the financial system in times of crisis.

Furthermore, lawmakers in Congress have introduced several bills aimed at regulating stablecoins. One such bill, the Stablecoin Tethering and Bank Licensing Enforcement (STABLE) Act, seeks to require stablecoin issuers to obtain a banking charter and comply with existing banking regulations.

Overall, the US stablecoin policy landscape is rapidly evolving as regulators and lawmakers grapple with the challenges posed by these digital assets. It remains to be seen how these efforts will impact the future of stablecoins in the US financial system.