Lawmakers Inch Closer to Stablecoin Regulations
U.S. lawmakers are reportedly close to creating a framework for regulating stablecoins, but a separate bill overhauling financial laws’ treatment of crypto assets is facing opposition from Democrats who deem it too favorable to the crypto industry. Top Democrats, including Rep. Maxine Waters, have expressed their disappointment with the market structure bill. Meanwhile, Republicans remain optimistic that ongoing negotiations may lead to agreement on stablecoin legislation.
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U.S. lawmakers are reportedly close to creating a framework for regulating stablecoins, but a separate bill overhauling financial laws' treatment of crypto assets is facing opposition from Democrats who deem it too favorable to the crypto industry.
Top Democrats, including Rep. Maxine Waters, have expressed their disappointment with the market structure bill. Meanwhile, Republicans remain optimistic that ongoing negotiations may lead to agreement on stablecoin legislation.
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