U.S. House Stablecoin Bill Poised to Go Public, Lawmaker Atop Crypto Panel Says
WASHINGTON, D.C. — The U.S. House of Representatives should have the actual text to debate on Wednesday of a bill that would regulate stablecoins, according to a key lawmaker pushing that legislation, which should get the House ready to potentially catch up with a parallel Senate effort.
Rep. Bryan Steil, the Republican who leads the crypto subcommittee within the House Financial Services Committee, said at a Wednesday event in Washington that the bill would be unveiled before the day is out. The Senate has already recently advanced its own version of the U.S. stablecoin oversight legislation through the Senate Banking Committee.
Both bills would set up guardrails for the issuance of digital tokens that are based on the value of steady…
