The upcoming FCA meeting aims to provide regulatory clarity for the digital asset ecosystem, cryptocurrencies, blockchain development and stablecoin payments.
House Financial Services Committee ( FSC) Patrick McHenry, three of which aim to provide regulatory clarity for the digital asset ecosystem, cryptocurrencies, blockchain development and stablecoinannounced that several legislations, including payments, were marked.
Financial Services Committee meeting at the door
The Financial Services Committee will meet on July 26 to mark HR 4763, Financial Innovation and Technology for the 21st Century Act, HR 4766, Payment Net Stablecoins Act 2023, and HR 1747, Blockchain Regulatory Certainty Act. Aiming to bring regulatory clarity to the issuance of stablecoins designed for use as a means of payment, McHenry made several comments.
US Representative French Hill, who serves as Chair of the Digital Assets Subcommittee, said establishing a functional regulatory framework protects investors from financial fraud. “This law not only prevents FTX from stealing billions of customer funds, it also creates strong consumer protections and clear rules of the road for market participants.”said.
