“This is huge progress in the acceptance of stablecoins and provides a path for their adoption,” Allaire said in an emailed statement. Tether, the market leader, gave a similarly upbeat statement. While less effusive, Paxos, the No. 7 issuer, and Gemini, the company behind the 16th-largest stablecoin, were diplomatic in their comments. Source link … [Read more...] about US Stablecoin Report Gets Mixed Reviews From Crypto Industry
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House committee reviews cryptocurrency risks, regulations in hearing
The U.S. House committee on financial services held a hearing Wednesday for legislators and a panel of witnesses to discuss cryptocurrency regulation in the United States.The subcommittee on oversight and investigations invited expert witnesses to testify before congress on the risks and opportunities of blockchain technology. Rep. Brad Sherman (D-MN), a ranking member of the … [Read more...] about House committee reviews cryptocurrency risks, regulations in hearing