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As House Panel Kicks Tires on Stablecoin Bill, Old-School Finance Giants Reveal Shift

In a U.S. congressional hearing on the new House stablecoin bill, witnesses including BNY and a Wall Street super-lawyer further show a tradfi arrival.

By Jesse Hamilton|Edited by Nikhilesh De

Updated Mar 11, 2025, 7:42 p.m. Published Mar 11, 2025, 5:05 p.m.

French HIll will be the next chairman of the House Financial Services Committee (Jesse Hamilton/CoinDesk) — Chairman French Hill's House Financial Services Committee examined the latest stablecoin effort. (Jesse Hamilton/CoinDesk)