Financial Services Committee of the White House, indexed stable cryptocurrencies decided to hold a meeting on 19 April on which areas it is used, the ecosystem structure and the state of the regulation requirement.
Financial Services Committee, hearing title “Understanding the Role and Regulatory Need of Stablecoins” determined as. During the meeting, the information collected by the central government on the sector will be discussed.
Those attending the hearing include a university academic, a New York government official, a name from the Blockchain Association, and a stablecoin issuer. Circle Chief Strategy Officer Dante Disparte.
Circle was adversely affected by the banking crisis in the USA last month. dollar indexed USDC The issuer of the token announced that it had deposits of $3.3 billion in the sinking Silicon Valley Bank. After the news, there was a great panic in the crypto market. USDC, which is equal to 1 dollar under normal conditions, fell to $ 0.80.
New Draft for Stablecoin Regulation!
A new draft for stablecoin regulation has been prepared in the House of Representatives as the Financial Services Committee hearing approaches.
Speaking after the draft was revealed, Circle CEO Jeremy Allire emphasized that the support of both parties is needed for stablecoin regulation.
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