News with the tag "Clarity for Payment Stablecoins Act"

The new bill is a refinement of Rep. Patrick McHenry’s 2023 bill, which has bipartisan support.

Ripple Labs chief executive Brad Garlinghouse is predicting that regulatory clarity will come to stablecoins in 2024. In a new interview with CNBC International, Garlinghouse says that the US government will create clear guidelines for the stablecoin industry this year as he believes dollar-pegged c...

On July 27, 2023, The U.S. House Financial Services Committee advanced a stablecoin-focused bill for the first time. The Clarity for Payment Stablecoins Act of 2023 would establish a federal regulatory framework for stablecoins with the U.S. Federal Reserve playing a pivotal role. The bill would gra...

The U.S. House Financial Services Committee has passed Chairman Patrick McHenry’s Clarity for Payment Stablecoins Act with bipartisan support. McHenry said committee members, unlike the White House, understood the urgency and importance of providing clarity for payment stablecoins. Sheila Warren, th...