We\'re not
going back!
(=^.^=)
~~~~~~~~~~~~
FUCK
DONALD
TRUMP
(=^.^=)
~~~~~~~~
897932384626
433832795028
841971693993
751058209749
445923078164
062862089986
MONEY
DOES NOT
EQUAL
SPEECH
$ $ $
THE BEST
DEMOCRACY
MONEY CAN
BUY!!
*****
We\'re #1
Who knew?
So many
good Germans
in our party
:-(
all the stickies
on Grovelbot's
Big Board!
US congressional committee advances stablecoin bill
Source: Reuters
US congressional committee advances stablecoin bill
Hannah Lang
Thu, July 27, 2023 at 10:57 AM EDT·1 min read
(Reuters) -The U.S. House Financial Services committee on Thursday advanced 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.
The bill would have the U.S. Federal Reserve write requirements for issuing stablecoins while preserving the authority of state regulators. It was previously modified to address concerns from some Democrats that stablecoin issuers could evade stricter oversight by opting to be regulated under a state regime.
Several Democrats, including Reps. Jim Himes and Josh Gottheimer, joined committee Republicans in voting to advance the bill.
But Representative Maxine Waters, the committee's top Democrat, opposed the bill, arguing it had "major flaws," including a loophole that would allow commercial companies to issue their own money.
-snip-
Read more: https://finance.yahoo.com/news/us-congressional-committee-fails-reach-145750435.html
= new reply since forum marked as read
