Stablecoin Bill Unlikely To Be Signed Into Legislation: Circle CEO, Jeremy Allaire
The lack of clarity on important topics in the bill is what led Allaire to believe that the stablecoin Bill is unlikely to be signed.
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The lack of clarity on important topics in the bill is what led Allaire to believe that the stablecoin Bill is unlikely to be signed.
United States Republican Patrick T. McHenry, Chair of the House Financial Services Committee, has released a statement calling for the need to pass the…
Debates on regulating digital assets rage on, with officials from the U.S. finding it hard to find common ground that would aid innovation while ensuring the safety of businesses and investors.
The bill was advanced after a 13-hour markup, making it the second major piece of crypto legislation to pass the Committee this week.
The top Republican and Democrat on the U.S. House Financial Services committee on Thursday said they had failed to come to an agreement on a bill to establish a federal regulatory framework for stablecoins, a type of cryptocurrency typically pegged to a traditional asset, often the U.S. dollar.