In a contentious hearing Thursday that ended with a 34-16 vote to clear the legislation for wider consideration in the House of Representatives, the panel’s top Democrat, Maxine Waters (D-Calif.), said it was really McHenry who shut down the talks early after negotiations broke down the night before the hearing. The battle sullied what’s otherwise the high-water mark of stablecoin progress in Congress.
zkSNACKS, Developer of Privacy Focussed Wasabi Wallet, Blocks U.S. Citizens and Residents
This all follows the arrest of Tornado Cash co-founder Roman Storm, who faces allegations of money laundering and sanctions violations,...