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Democrats Blast Draft Stablecoin Bill in First 2023 Hearing on Issue

Democrats Blast Draft Stablecoin Bill in First 2023 Hearing on Issue
Despite Republican House committee leaders publishing a draft bill and talking about progress, it hasn't been on the bipartisan level required for an eventual law, lawmakers said in a hearing Wednesday.
 
Lack of stablecoin regulation could push issuers out of US: Austin Campbell
Lawmakers didn't reach a consensus between political parties on a stablecoin bill, as one witness warned this lack of regulatory clarify could drive certain projects abroad.
 
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