Stablecoin Bill Won’t Force All Issuers to Be Banks, Congressman Says

Congress whitethorn rebuff U.S. regulators who wanted stablecoins to beryllium the exclusive territory of banks, according to a lawmaker acquainted with a legislative effort present successful motion. Democrats connected the House Financial Services Committee person been moving connected requirements that whitethorn not beryllium arsenic restrictive arsenic the Treasury Department and fiscal regulators had asked.