The three-way talks with Rep. Maxine Waters (D-Calif.), the chairwoman of the House Financial Services Committee, and the Treasury Department have run into a number of sticking points, according to McHenry, the committee’s senior Republican. But he said Wednesday he’s hopeful the talks will end with a law that would establish rules for how stablecoins – tokens such as Tether’s USDT and Circle Internet Financial’s USDC that are tied to steady assets such as the dollar – can operate in the U.S.
Sonne Finance Token Drops 60% After $20M Exploit on Optimism
The exploiters utilized a “donation” attack to manipulate certain markets offered by the platform, stealing various tokens before being interrupted....