Stablecoin

Rally

Patrick

United

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 <p>On Thursday, Re<a rel="noopener noreferrer nofollow" title="public" href="https://thebittimes.com/tag/public.html">public</a>an leader McHenry announced a no deal on <a rel="noopener noreferrer nofollow" title="stablecoins" href="https://thebittimes.com/tag/stablecoins.html">stablecoins</a>, saying he was disappointed with the Democrats’ resistance to negotiations.</p> 
 <h2 id="patrick-mchenry-blames-democrats-for-halt-in-stablecoin-bill">Patrick McHenry Blames Democrats’ For Halt In Stablecoin Bill</h2>  
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 <p>According to Brendan Pedersen on Twitter, ruckus prevailed in the House Financial Services Committee over the lack of enough votes. In her initial remarks, Waters pressed for a question of consideration and a recorded vote on the subject. McHenry blamed the lack of consensus over important provisions for the no deal.</p> 
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  <p>“We were closer than we have ever been. A few small but nonetheless important provisions stood between us and a deal, and it was a White House’s unwillingness to compromise that has once again brought that negotiation to a halt.”</p>  
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 </blockquote> 
 <p>The stablecoin payments bill places limitations on who will be permitted to issue payment stablecoin for use by any person in the <a rel="noopener noreferrer nofollow" title="United States" href="https://thebittimes.com/tag/united-states.html">United States</a>. Also, the issuers will be required to maintain reserves backing the issuer’s payment <a rel="noopener noreferrer nofollow" title="stablecoins" href="https://thebittimes.com/tag/stablecoins.html">stablecoins</a>. The reserves shall be backed with the US currency, funds held as insured demand deposits, Treasury bills, central bank reserve deposits among others. To ensure stablecoin collapses, the bill also places condition on the issuers requiring to submit monthly certification and examination of reports by a registered <a rel="noopener noreferrer nofollow" title="public" href="https://thebittimes.com/tag/public.html">public</a> accounting firm.</p> 
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Republicanss Announce No Deal On Stablecoins In US Congress

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