The panel’s chairman, Rep. Patrick McHenry (R-N.C.), has considered stablecoin legislation a priority since last year, before he took over the committee. When he won the gavel, he continued the work, though Democrats had complained that Republicans were re-writing the bill without their input. They later released their own version. The narrow scope of the bill and its past bipartisan support had been the strengths of the effort to date, but it’s not yet clear what Democrats think of the latest version.
Less Than 10% of Stablecoin Transaction Volume Coming from Real Users: Report
Less than 10% of stablecoin transaction volumes are organic or come from real people, according to new findings by Visa...