The Daily Hodl: US Senator Pat Toomey Proposes Alternate Regulatory Framework for Stablecoins Featuring Looser Rules
Senator Pat Toomey of Pennsylvania is proposing a different regulatory framework for stablecoins than what US President Joe Biden had previously announced. In the bill, Toomey proposes a new license for current stablecoin issuers that would maintain their standing as legal money transmitting businesses while also allowing Federal Depository Insurance Corporation (FDIC) insured entities such […]
The post US Senator Pat Toomey Proposes Alternate Regulatory Framework for Stablecoins Featuring Looser Rules appeared first on The Daily Hodl.
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