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US Senate Demands Answers From Stablecoin Issuers, Expresses ‘Concerns’
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Stablecoins are in for another battering at the hands of the United States policymakers – with the Senate now getting in on the act: a committee chief has expressed “significant concerns” about the “consistency” of the terminology used to audit them.
The Democrat Senator Sherrod Brown, Chairman of the Senate Committee on Banking, Housing and Urban Affairs, sent a letter to the USD coin (USDC) mastermind Circle, with similar letters also sent to Coinbase, Gemini, Paxos, TrustToken (PAX), Binance.U
Read more on cryptonews.comAbout this in other media
‘Federal agencies should answer questions’ about crypto regulations, says U.S. Senator ambcrypto.com /2 years ago
Can stablecoin US dollars cause ‘every currency other than top dozen to collapse’ ambcrypto.com /2 years ago
Crypto's impact on sanctions: Are regulators' concerns justified? cointelegraph.com /2 years ago
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