The Democrats are not satisfied with the draft of the StableCoin Act of the House of Representatives

Die Demokraten haben am Mittwoch Gesetzesentwürfe zu Stablecoins gesprengt, weil sie nicht so „überparteilich“ seien wie ursprünglich geplant. Der Gesetzentwurf, der letztes Jahr von den Abgeordneten Maxine Waters (D-Calif.) und Patrick McHenry (RN.C.) erstellt wurde, wurde von den Republikanern gelobt, aber von ihren linken Kollegen als „veraltet“ kritisiert. Von Anfang an anfangen Der Finanzdienstleistungsausschuss des Repräsentantenhauses veröffentlichte a Entwurfsversion der Stablecoin-Rechnung vom 15. April, die neben der „Forschung zu einem digitalen Dollar“ „Anforderungen für Zahlungs-Stablecoin-Emittenten“ bereitstellen soll. Stablecoins sind digitale Vermögenswerte, die an Fiat-Währungen wie Dollar oder Euro gebunden sind und sich wie digitale Dollars verhalten, die keine Bank verwenden …
The Democrats blew on stable coins on Wednesday because they are not as "non -partisan" as planned. The draft law, which was created last year by Maxine Waters (D-Calif.) And Patrick Mchenry (Rn.C.), was praised by the Republicans, but criticized as "outdated" by their leftists. From the beginning, the Financial Service Committee of the House of Representatives begins a draft version of the StableCoin calculation of April 15, which, in addition to "research on a digital dollar", should provide "Requirements for Payment Stage Measures". Stable coins are digital assets that are bound to Fiat currencies such as dollars or euros and behave like digital dollars that do not use a bank ...
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The Democrats blown up laws on stable coins on Wednesday because they are not as "non-partisan" as planned.

The law that was created last year by the MP Maxine Waters (D-Calif.) And Patrick Mchenry (Rn.c.) was praised by the Republicans, but was criticized by their leftists as "outdated".

start from the start

The Financial Service Committee of the House of Representatives published A Design version The StableCoin account of April 15 " "Requirements for payment tablecoin emitters" should provide. Stable coins are digital assets that are bound to Fiat currencies such as dollars or euros and behave like digital dollars that do not use a bank and instead use the blockchain processing guarantees.

The current legislation was discussed in detail last year between Waters, Mchenry and other members of the Congress with the Ministry of Finance. which are tailored to a significant part of the crypto industry.

but when Waters actually read the finished first draft during a hearing of the committee on Wednesday, he said, the law feels completely different from what had been discussed.

"Mr. Mchenry worried me a bit when he said that the members had worked out a completely new bill on his side of the Ganges," said Waters. "The published bill in no way is ... Negotiations between us ... I think we start at zero."

Stephen Lynch (D-Mass.), The high-ranking Democrat in the subcommittee for digital assets, questioned the actual function of stable coins and found that they are used more often for "speculative cryptocurrency trade and investments" than for actual payments.

The optimistic view

Mchenry, who acts as committee chairman, contradicted this attitude and said that the draft law was "both internationally and nationally".

The MP French Hill (R-Ark.) also found that the bill was more non-partisan than was believed to be "Maxine Mchenry".

Both Mchenry and Waters agreed that a lot had happened since the last negotiations on the law-including FTX's collapse. They also agreed that quick action is necessary to update the law and ensure that the United States keeps up with the rest of the world.

The draft law would prohibit all companies to issue stable coins, with the exception of subsidiaries from insured institutions or licensed non-banks.

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Krypto News Österreich
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Die Demokraten haben am Mittwoch Gesetzesentwürfe zu Stablecoins gesprengt, weil sie nicht so „überparteilich“ seien wie ursprünglich geplant. Der Gesetzentwurf, der letztes Jahr von den Abgeordneten Maxine Waters (D-Calif.) und Patrick McHenry (RN.C.) erstellt wurde, wurde von den Republikanern gelobt, aber von ihren linken Kollegen als „veraltet“ kritisiert. Von Anfang an anfangen Der Finanzdienstleistungsausschuss des Repräsentantenhauses veröffentlichte a Entwurfsversion der Stablecoin-Rechnung vom 15. April, die neben der „Forschung zu einem digitalen Dollar“ „Anforderungen für Zahlungs-Stablecoin-Emittenten“ bereitstellen soll. Stablecoins sind digitale Vermögenswerte, die an Fiat-Währungen wie Dollar oder Euro gebunden sind und sich wie digitale Dollars verhalten, die keine Bank verwenden …
The Democrats blew on stable coins on Wednesday because they are not as "non -partisan" as planned. The draft law, which was created last year by Maxine Waters (D-Calif.) And Patrick Mchenry (Rn.C.), was praised by the Republicans, but criticized as "outdated" by their leftists. From the beginning, the Financial Service Committee of the House of Representatives begins a draft version of the StableCoin calculation of April 15, which, in addition to "research on a digital dollar", should provide "Requirements for Payment Stage Measures". Stable coins are digital assets that are bound to Fiat currencies such as dollars or euros and behave like digital dollars that do not use a bank ...

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