⚡ US FSC Chairman Proposes Bills for Regulating Crypto and Stablecoins.
The House Financial Services Committee, chaired by Representative Patrick McHenry, will hold a markup session on July 26 to discuss several cryptocurrency-related bills. Among them are H.R. 4763, which aims to create a regulatory framework for digital assets, and H.R. 1747, which exempts blockchain developers from acquiring licenses if they don't deal in cryptocurrencies. The focus of the markup is H.R. 4766, introduced by McHenry, seeking regulatory clarity for stablecoins intended for payments. U.S. Representative French Hill emphasized that establishing a regulatory framework will protect investors and prevent financial fraud.
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⚡ US FSC Chairman Proposes Bills for Regulating Crypto and Stablecoins.
The House Financial Services Committee, chaired by Representative Patrick McHenry, will hold a markup session on July 26 to discuss several cryptocurrency-related bills. Among them are H.R. 4763, which aims to create a regulatory framework for digital assets, and H.R. 1747, which exempts blockchain developers from acquiring licenses if they don't deal in cryptocurrencies. The focus of the markup is H.R. 4766, introduced by McHenry, seeking regulatory clarity for stablecoins intended for payments. U.S. Representative French Hill emphasized that establishing a regulatory framework will protect investors and prevent financial fraud.
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