Policy Expert Foresees Bipartisan Support for Stablecoin Legislation
CoinEdition
Published May 16, 2023 11:20AM ET
Updated May 16, 2023 11:30AM ET
Policy Expert Foresees Bipartisan Support for Stablecoin Legislation
- Crypto policy expert Ron Hammond shared updates on the progress of stablecoin legislation in Congress.
- Hammond believes bipartisan support is possible for advancing stablecoin legislation.
- The policy expert concluded that only “time will tell” and that Congress is the “force to watch.”
In a recent Twitter thread, Ron Hammond, Director of Government Relations at the Blockchain Association, shared updates on the progress of stablecoin legislation in Congress. He emphasized the bipartisan collaboration and the significance of recent developments surrounding stablecoins.
Similarly, Hammond sees Rep. French Hill determined to advance stablecoin legislation this year. For the crypto expert, most issues can be resolved despite partisan differences.Nevertheless, Hammond said the question remains whether the Senate will take up the bill and answered: “Potentially, with enough Democrat support and pressure from the Biden Admin, but Senate Banking is a Committee that rarely moves legislation.”
In the end, Hammond acknowledged that only “time will tell” and that one thing is evident — “the House is the force to watch” in pursuing stablecoin legislation.
The post Policy Expert Foresees Bipartisan Support for Stablecoin Legislation appeared first on Coin Edition.
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