Senate Republicans Making Plea to Get on With Stablecoin Debate
Once-allied Democrats continue to drag their heels on the first big crypto bill, leaving a key vote in doubt as GOP Majority Leader Thune calls for action.
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Once-allied Democrats continue to drag their heels on the first big crypto bill, leaving a key vote in doubt as GOP Majority Leader Thune calls for action.
The Senate’s stablecoin bill’s issues may delay work on the far more important market structure legislation.
Patrick McHenry, the ex-lawmaker who championed last year’s crypto legislation, also said he expects a role to be found for Tether in the U.S. stablecoin field.
Mastercard’s new global system aims to make stablecoin transactions as seamless as traditional payments.
Stripe CEO Patrick Collison said a stablecoin tool for companies outside US, UK and EU is ready for testing.
The House version of stablecoin legislation was released publicly as another bill on crypto clarity was reintroduced and the Senate weighed its crypto IRS effort.
Gillibrand suggested that the long-awaited stablecoin bill could become law before the August recess.
A Fidelity stablecoin could fill the role of cash in the blockchain-based version of its U.S. dollar money market fund
The fundraising was completed using PayPal’s PYUSD stablecoin and was led by Paradigm.
In a U.S. congressional hearing on the new House stablecoin bill, witnesses including BNY Mellon and a Wall Street super-lawyer further show a tradfi arrival.