The Senate Banking Committee has scheduled a Feb. 15 hearing on the topic. “A review of the President’s Task Force report. in the Financial Markets Report on Stablecoins,” according to the February ruling schedule.
in theParticipant’s nameAt the council hearing were CEOs of a number of well-known crypto firms, including Jeremy Allaire of Circle, Sam Bankman-Fried of FTX, Alesia Jeanne Haas of Coinbase, and Brian Brooks of Bitfury, formerly acting OCC.
The hearing will examine the President’s Working Group’s report on stablecoins in financial markets. which came out at the beginning of November last year in the report Calls for Congress to Limit Stablecoin Issue to Depository Institutions At the same time, the Financial Stability Oversight Council has set stablecoins as a systemic risk. This means that the FSOC can take advantage of its regulatory powers in an emergency. If Parliament does not act
Rep. Patrick McHenry (R-NC) wrote to Maxine Waters, chairman of the U.S. House of Representatives Financial Services Committee. last week It encouraged Congress to be more explicit about cryptocurrencies to prevent regulators from expanding their mandates.
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