US Lawmakers Debate Dueling Stablecoin Bill Drafts

U.S. lawmakers faced off Thursday (May 18) over two proposed stablecoin bills.

Both bills under consideration would allow both banks and non-banks to issue stablecoins.

It was the second time during the current congressional session that proposed stablecoin legislation has come to the floor, with the first hearing on April 18 quickly devolving into bipartisan bickering.

Read more: PYMNTS

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