Draft invoice suggests separating laws on fee stablecoins and digital asset markets

Republican lawmakers with america Home Monetary Companies Committee have launched a draft of a invoice targeted on fee stablecoins reasonably than overseeing different elements of digital asset markets.

A senior Republican committee staffer 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 suggestions from lawmakers. The invoice, aimed toward offering “for the regulation of fee stablecoins,” could be separate from laws targeted on custodial service suppliers, algorithmic stablecoins, and a examine on central financial institution digital currencies.

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