Description: Covering the confluence of US government policy and the blockchain, Web3 and digital assets industry.
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Two differing themes emerged from lawmakers at yesterday’s House Financial Services (HFS) Digital Assets Subcommittee stablecoin hearing at the Rayburn House Office Building. On the Republican side, states rights were a legislative focus whereas Democrats see the need for the involvement of the Federal Reserve. From a tone point-of-view, the Republicans led by Subcommittee Chair Rep. French Hill (R, AR) continue to position with an air of bipartisanship ( read his opening remarks ) while Democrats led by HF