With a Republican challenger to his Ohio Senate seat in 2024, Sherrod Brown reportedly said he would be willing to advance a stablecoin bill if his concerns were addressed.
A bill in the House of Representatives aimed at providing guardrails for stablecoins has not moved forward since July 2023.
Sherrod Brown, chair of the United States Senate Banking Committee, has reportedly revealed plans to advance a significant stablecoin bill by combining it with legislation related to marijuana businesses and clawing back compensation for bankers.he was open to passing stablecoin legislation in Congress as one of his goals, provided his concerns were addressed. The U.S.
Many members of both political parties in both chambers of Congress have expressed concerns about establishing the proper framework for stablecoins in a comprehensive bill. In July 2023, one of the proposed bills in the House, the Clarity for Payment Stablecoins Act,Should lawmakers move forward with digital asset-related legislation in 2024, they will also have to deal with their pro- and anti-crypto constituents in an election year.
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