Sunday, December 10, 2023

New U.S. Stablecoin Invoice Drafted by Home Republicans as Compromise With Democrats



The panel’s chairman, Rep. Patrick McHenry (R-N.C.), has thought-about stablecoin laws a precedence since final yr, earlier than he took over the committee. When he gained the gavel, he continued the work, although Democrats had complained that Republicans have been re-writing the invoice with out their enter. They later released their own version. The slim scope of the invoice and its previous bipartisan help had been the strengths of the trouble up to now, however it’s not but clear what Democrats consider the newest model.

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