US House Financial Services Committee leadership takes opposing sides on the PayPal stablecoin

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Rep. Maxine Waters said she was “deeply concerned” about PYUSD without a proper regulatory framework in place, while Rep. Patrick McHenry said it “hold[s] promise.”

Source: Cointelegraph.com News

#Regulation, #UnitedStates, #Government, #Stablecoin, #Paypal