With less than three weeks left in the first Session of the 118th Congress, this GT Alert provides issue priorities that may see action this month and into the first quarter of 2024.
Will Cryptocurrency Legislation Gain Momentum in September?
House Stablecoin Legislation
In late July the House Financial Services Committee made tentative plans to consider legislation to regulate stablecoins and require the Federal Reserve to study development of a central bank digital currency. A draft proposal reportedly had the bipartisan support of Chairwoman Maxine Waters (D-CA) and ranking Republican Patrick McHenry (R-NC). However, last