US Stablecoin Bill Debate Hones In On Preventing "Race To The Bottom"  

Debate over whether or not states should be able to regulate stablecoins, and tension over whether that would create a "race to the bottom," took up much of the latest Congressional hearing on creating a comprehensive framework for digital assets. The hearing at the Digital Assets, Financial Technology and Inclusion Subcommittee on Thursday featured dueling stablecoin bills from the top Republican and Democrat on the House Financial Services Committee, bringing formerly closed-door negotiations out into the public.

https://www.benzinga.com/markets/cryptocurrency/23/05/32473977/us-stablecoin-bill-debate-hones-in-on-preventing-race-to-the-bottom?SNAPI