The Members of Congress Who Have Stablecoin Issuers Watching Their Next Moves

2022-12-6 16:27

Anticipation for a crypto bill out of the House Financial Services Committee ran so high this year that stablecoin issuers have been trying to meet the bill’s expected standards before the rules are even set.

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issuers bill stablecoin high trying year standards

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Stablecoin Bill Won’t Force All Issuers to Be Banks, Congressman Says

Congress may rebuff U.S. regulators who wanted stablecoins to be the exclusive territory of banks, according to a lawmaker familiar with a legislative effort now in motion. Democrats on the House Financial Services Committee have been working on requirements that may not be as restrictive as the Treasury Department and financial regulators had asked.

2022-7-18 16:38