U.S. House Republicans Make Case on Stablecoin Regulation Bill After Democrats Called for Do-Over

Not like a earlier model of the invoice, which was revealed on the committee’s web site forward of a listening to on stablecoins final week, the brand new model leaves out algorithmic stablecoins, though it does repeat clauses stating that an issuer can both be a subsidiary of a federally insured depository establishment or a state or federally regulated nonbank firm.