The U.S. House Committee releases a draft stablecoin bill

2023-04-16 09:04:14

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ChainCatcher News, the U.S. House Financial Services Committee has released a draft version of the stablecoin bill, proposing a pause on the use of stablecoins backed by other cryptocurrencies, as well as requirements to study central bank digital currencies (CBDCs). The bill also calls for a suspension of new stablecoins backed by other types of tokens until research can be conducted, among other things.

In addition, the House Financial Services Subcommittee will hold a hearing on stablecoins on Wednesday, with participants including Dante Disparte from Circle, Jake Chervinsky from the Blockchain Association, Professor Austin Campbell from Columbia University, and Adrienne Harris, the head of the New York Department of Financial Services. (Source link)

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