Summary
- The US House Financial Services Committee has begun discussions related to stablecoins.
- Discussion topics include the Federal Reserve Bank's CBDC issuance restriction bill and regulations related to technology companies.
- Donald Trump expressed hope that the stablecoin bill would pass before the August recess.
According to Blockworks, a cryptocurrency specialized media outlet, on the 11th (local time), the US House Financial Services Committee has begun discussions related to stablecoins.
The media explained, "The stablecoin-related bills that the committee needs to discuss include the Federal Reserve Bank (Fed) CBDC issuance restriction bill proposed by Representative Tom Emmer, and regulations from the Consumer Financial Protection Bureau (CFPB) targeting technology companies that provide payment apps and digital wallets."
Previously, US President Donald Trump stated during his White House Crypto Summit speech that he "wants the stablecoin bill to pass before the August recess."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
