US Representative Patrick McHenry stated that discussions on stablecoin legislation are ongoing and final legislation could be agreed in the coming months.
by Patrick McHenry According to the information he gave during the DC Fintech week House of Representatives Financial Services Committee and Head of the Treasury Department Maxine Waters In three-way talks with blockages it happened. McHenry, Tether, which is still tied to fixed assets such as dollars in talks USDT or your Circle USDC by agreeing on rules for how stablecoins like stablecoins can work in the US. hope it can be enacted told.
During the editing work holding of assets, anatomy of crypto wallets, stablecoin regulations, and which institutions should oversee stablecoins Parliament had difficulty in reaching an agreement on such matters. However, the asset that stablecoin issuers issue Support with 1:1 reserve It is known that all representatives agree on the need.
McHenry said in his speech, “For digital assets,ugly baby” repeating the analogy that it was a baby after all. hope it will turn into something better as it grows. stated. McHenry, who could take over the committee as Chairman if the Republicans gain a majority in the legislature in the future, more complex policies He claimed that they hoped they could produce. On the other hand, although democrats do not have to agree with republicans, common sense stated that they behaved Also Chairman of the Financial Services Committee To Maxine Waters compromise for his willingness to their gratitude presented.