ICYMI: Treasury official behind stablecoin report to testify at Senate hearing next week
The Senate Banking Committee has released details ahead of its upcoming hearing on stablecoins, confirming the Treasury's Under Secretary for Domestic Finance Nellie Liang as its sole witness.entitled"Examining the President’s Working Group on Financial Markets Report on Stablecoins.
" As the title promises, legislators will take a closer look at the November stablecoin report out of the Presidents Working Group , which urged Congress to limit stablecoin issuance to insured depository institutions.by The Block. Liang has spearheaded much of the Treasury's recent work on stablecoins, including the PWG report.
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