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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…

“In my first appearance before a joint session of Congress, I will lay out my Build Back Better recovery plan. It’ll make historic investments in infrastructure, that Build Back Better plan. Infrastructure, manufacturing, innovation, research, and development, and clean energy, investments in a caregiving economy and skills and training needed by our workers to be …