Bill addressing stablecoins risks in US likely delayed until September: Report
Cointelegraph
Published Jul 25, 2022 04:30PM ET
Updated Jul 26, 2022 06:40PM ET
Lawmakers in the United States House of Representatives have reportedly pushed back the timeline for considering a bill addressing the potential risks of stablecoins.
According to a Monday report from the Wall Street Journal, people familiar with the matter said House members will likely delay voting on a stablecoin bill until September after being unable to complete a draft in time for a Wednesday committee meeting. The unresolved issues in the bill reportedly included provisions on custodial wallets from the Treasury Department and concerns from the Securities and Exchange Commission.
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Written By: Cointelegraph
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