Chairman McHenry Confident U.S. Stablecoin Law Will Be Enacted this Year

Tuesday, 9 April 2024, 14:32

Chairman McHenry from the House Financial Services Committee expresses confidence in the passing of legislation governing stablecoin issuers in the US this year. Despite the approaching deadline, McHenry remains bullish on the prospects of establishing clear rules for stablecoin operations in 2023, highlighting the importance of timely regulatory actions for the sector's stability and growth.
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Chairman McHenry Confident U.S. Stablecoin Law Will Be Enacted this Year

Key Congressman McHenry Is Optimistic

The window is narrowing for legislation to set up rules for stablecoin issuers in 2023, but the retiring chairman of the House Financial Services Committee says it can be done.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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