CSBS expresses concerns about federal stablecoin framework, suggests changes
The Conference of State Bank Supervisors (CSBS) expressed its concerns about legislation in Congress related to stablecoins. In a letter to the leaders of the House Financial Services Committee, CSBS officials detailed their concerns and suggested some changes to the legislative framework outlined in the STABLE Act. “As currently drafted, the STABLE Act would effectively centralize power over a nascent industry in a single federal agency. This approach would undermine the strategic advan...
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