State versus federal regulation was a key difficulty throughout the stablecoin listening to within the U.S. Home of Representatives on Might 18. heard testimony from 5 consultants whereas reviewing two proposed payments to manage stablecoins.
Two payments have been underneath evaluation by the subcommittee. The Republican Invoice was revealed in April earlier than a listening to on stablecoins to the Monetary Companies Committee. Rating member Maxine Waters (NYSE:) later pitched a competing mission based mostly on a invoice that was launched however not adopted over the last session of Congress.
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