NEW RULES FOR STABLECOINS AND THE FUTURE OF PAYMENTS - After more than a year of negotiations, the House Financial Services Committee is set to move forward on stablecoin legislation. The bill would create new regulations for the issuance and oversight of stablecoins—one of the fastest growing digital assets in the world.
With 98% of all stablecoins pegged to the US dollar, the decisions made in Washington will have global ramifications.
How do regulators in Washington see the balance between innovation and financial stability? How does Congress view digital asset frameworks emerging from the EU and Japan? What role will the US play in fostering a safe digital asset ecosystem for the global economy?
Join us as we welcome two key members from the House Financial Services Committee to help answer these questions: Representative French Hill and Representative Jim Himes. Josh Lipsky, Senior Director of the GeoEconomics Center moderates the conversation. Ananya Kumar, Associate Director for digital currencies at the GeoEconomics Center presents research on changes in global stablecoin regulation based on the Atlantic Council’s cryptocurrency regulation tracker.
ORIGINAL AIRDATE: 7/17/23