Just days after the House of Representatives examines stablecoin regulation, the Senate will take its own look at the issue.
for the House hearing includes the CEOs of a number of prominent crypto firms, including Jeremy Allaire of Circle, Sam Bankman-Fried of FTX, Alesia Jeanne Haas of Coinbase and Brian Brooks of Bitfury, who also once served as Acting Comptroller of the Currency. The witness list for the Senate's hearing is not yet available.
on Stablecoins, which came out at the start of last November. In that report, the group urged Congress to limit stablecoin issuance to insured depository institutions. Meanwhile, the Financial Stability Oversight Council designated stablecoins a systemic risk, meaning FSOC could leverage emergency regulatory powers if Congress fails to act.
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