to U.S. Treasury Secretary Janet Yellen saying he was serious about sitting down to figure out a whole-government approach to regulating the sector.
Lawmakers from both parties also agree, and they were ironing out the final details on a House bill when the clock ran out last year. Because that work was “almost to the finish line,” Himes, a member of the House committee that worked on the stablecoin bill last year, is predicting Congress can get it done.
Hammond cautioned that the industry shouldn’t expect it to happen at a lightning fast pace. He said he’ll be looking for any legislation in the latter part of 2023.Crypto lobbyists are pinning a lot of hope on McHenry’s brand-new crypto subcommittee and its leader, Rep. French Hill , who is seen as a good negotiator with a deep financial knowledge.
SBF_FTX FTX_Official SBF_FTX Was a stereotypical fall guy. This was pure regulators committing fraud, isn't that right GaryGensler and SenWarren?
SBF_FTX FTX_Official Truth Fact; Can't find 1 money making advantage for commercial banks to want a retail cbdc. This is why they fud Bitcoin Crypto Many of the money making processes & billions made in facilitating transactions will be gone. Huge consolidation coming for commercial banks!
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