Crypto Stablecoin Regulation Debate Reignited in Republican-Led House
- Republicans and Democrats clash over legislative plan
- Hearing on Wednesday featured New York regulator, Circle
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House lawmakers are reviving their focus on stablecoins under new Republican leadership, but partisan fault lines are dimming the chances for any new law on the controversial cryptoassets.
Republicans and Democrats on a House Financial Services Committee subcommittee kicked off a hearing on Wednesday bickering with each other — a bad sign for any quick legislative agreement. The assets had been one of the few areas where members of the two parties have found some common ground.