Rep. Maxine Waters Ushers In Stablecoin Bill Ahead of Thursday House Hearing

Rep. Maxine Waters is ushering in a draft bill to regulate stablecoins ahead of a House hearing this week.
The California Democrat’s draft bill would “provide requirements for payment stablecoin issuers, research on a digital dollar, and for other purposes,” according to a committee memo for Thursday’s hearing. 
The bill would also require payment stablecoin issuers to be approved by the Federal Reserve or possibly a state regulator….
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