Republican lawmakers on the US Home Monetary Providers Committee launched a invoice that centered on fee stablecoins moderately than overseeing different elements of digital asset markets.
A senior Republican committee official concerned in drafting the laws instructed reporters on April 24 that that they had narrowed the scope of a stablecoin invoice. proposed in September 2022 in response to feedback from lawmakers. The invoice, supposed to supply for “fee stablecoin regulation,” could be separate from laws centered on custodial suppliers, algorithmic stablecoins and a examine of central financial institution digital currencies.
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