Share this article

Stablecoin Bill Won’t Force All Issuers to Be Banks, Congressman Says

The key legislation that could open a path for stablecoin rules isn’t expected to stick to regulators’ recommendation to insist only banks put out tokens.

Rep. Jim Himes (D-Conn.) is a senior member of the House Finance Services Committee, which is working on stablecoin legislation. (Al Drago/Getty Images)
Rep. Jim Himes (D-Conn.) is a senior member of the House Finance Services Committee, which is working on stablecoin legislation. (Al Drago/Getty Images)