HFSC Chair Hill optimistic about crypto bill’s passage
- Key takeaway: House Financial Services Committee Chair French Hill, R-Ark., said in an appearance at the U.S. Chamber of Commerce that a crypto market structure bill is an important priority, and one he is optimistic will be completed.
- Expert quote: “I think this can be done, I think we can land that plane in the Senate. We just want to be as supportive as we can on the text, and be emotional-support animals for their effort.” — House Financial Services Committee Chair French Hill
- What’s at stake: The banking industry and crypto exchanges have been deadlocked for months over the ability of nonbank stablecoin issuers to offer yield-like rewards on stablecoin holdings, a prospect that banks say could drain deposits from the banking…
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