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Senate hearing on stablecoins: Compliance anxiety and Republican pushback
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On Dec. 14, the United States Senate Banking, Housing and Urban Affairs Committee held a hearing titled “Stablecoins: How Do They Work, How Are They Used, and What Are Their Risks?” The testimonies, both spoken and written, focused largely on the last two issues, as anxieties over Know Your Customer compliance and the U.S. dollar inflation threat dominated the discussion.
Held less than a week after the House of Representatives Financial Services Committee’s hearing on digital assets, which was
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