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.
Japan’s Embrace of Web3 Uncertain as Ruling Party Under Threat
Japan’s Prime Minister Fumio Kishida and his ruling Liberal Democratic Party (LDP) have shepherded the country’s Web3 strategy along with...