Circle exec to join US Congressional committee hearing on stablecoin payments, legislation
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The United States House Committee on Financial Services will hold a hearing on April 19 to discuss stablecoins’ position as a means of payment and whether the ecosystem needs supporting legislation.
The committee
Just days before the upcoming hearing, a draft bill providing a framework for stablecoins in the United States was published in the House of Representatives document repository.
Speaking about the draft bill, Circle’s CEO Jeremy Allaire said, “There is clearly the need for deep, bi-partisan support for laws that ensure that digital dollars on the internet are safely issued, backed and operated.“
As Cointelegraph reported, the draft further allows the U.S. government to establish standards for interoperability between stablecoins.
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