While the United States Department of Justice (DOJ) has promised to crack down on illicit behavior on cryptocurrency exchanges and the Securities and Exchange Commission (SEC) is in no rush to establish regulatory clarity on cryptocurrencies, the US Congress seems to be making progress on stablecoin legislation.
Indeed, the bipartisan ‘McHenry/Waters stablecoin bill’ is back on the table as Congress has revived the 2022 legislative draft in April, and now it has moved to the House of Representatives, according to a Twitter thread by Ron Hammond, Director of Government Relations at a non-profit crypto advocating group the Blockchain Association, on May 15.
Bipartisan crypto efforts
As Hammond specified, “the stablecoin bill has deep roots in bipartisan collaboration starting with the scrutiny of Facebook’s Libra program,” as “policymakers on both sides were skeptical of the social media giant dipping into financial services,” which resulted in Libra folding after several h
We współpracy z: https://finbold.com/this-week-in-congress-and-crypto-key-insights/
