Stablecoin

Patrick

The U.S. House of Representatives voted 34-16 to pass stablecoin legislation during a contentious hearing on Thursday. Although the House Financial Services Committee pushed the bill to a possible vote without bipartisan support, committee chairman Patrick McHenry blamed White House opposition for the impasse. 
Any U.S. stablecoin bill would also have to win support in the Democratic-led Senate, so a bill passed only by House Republicans rather than a bipartisan effort may be less likely to influence that other chamber. Patrick McHenry chose to push the bill forward despite the strong opposition of committee Democrats, which may please fellow Republicans but may also hurt its chances of becoming law. 
Related: <a target="_blank" href="https://tokeninsight.com/en/news/u.s.-house-lawmakers-fail-to-reach-bipartisan-deal-on-stablecoins-legislation" rel="noopener noreferrer nofollow">U.S. House Lawmakers Fail to Reach Bipartisan Deal on Stablecoins Legislation</a> 
&nbsp; 
<a target="_blank" href="https://tokeninsight.com/en/cryptocurrencies" rel="noopener noreferrer nofollow">TokenInsight</a> is dedicated to covering the most important and cutting-edge trends in the world of crypto. If you have information to share with us, please feel free to contact our email <a href="mailto:news@tokeninsight.com" rel="noopener noreferrer nofollow">news@tokeninsight.com</a>. Your trust will be well respected.

U.S. Stablecoin Bill Passed by House Committee in Republican Push

TokenInsight

Other articles published on Jul 28, 2023

Mengapa Harga SHIB Tak Terkerek Gegara Burn?

FTX and Genesis Reach Agreement in Bankruptcy Dispute

Analis Ini Yakin Bitcoin Spot ETF Bisa Disetujui Pasca Kemenangan Parsial Ripple Labs Melawan SEC

Crypto Everscale Resmi Terdaftar di Bappebti

Sequoia Capital Cuts Cryptocurrency Fund from $585M to $200M, Will Focus on Startups

Bullish Price Formation: Solana Targeting $30?

Join our free newsletter for daily crypto updates!