US FSC Chairman Aims for Regulatory Clarity for Crypto and Stablecoin Ecosystems
Upcoming FCA meeting aims to clarify regulation of the digital asset ecosystem: cryptocurrencies, blockchain development and stable payments.
= =.jpg 1x, https://images.cointelegraph.com/images/960_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDcvNTBjYzk0ZjUtOGRmZi00NGQ1LTlhOGItY2Y5NWI2M2Q5OWEzLmpwZw == .jpg 2x" src="https://images.cointelegraph.com/images/1434_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDcvNTBjYzk0ZjUtOGRmZi00NGQ1LTlhOGItY2Y5NWI2M2Q5OWEzL mpw zw==.jpg" alt="US FSC Chairman Wants Regulatory Clarity for Crypto and Stable Ecosystems" class="lazy-image__img type:primaryImage"/> News Join us on social networksHouse Financial Services Committee (FSC) Chairman Patrick McHenry announced markup of a few pieces of legislation, including three aimed at clarifying regulation of the digital asset ecosystem: cryptocurrencies, blockchain development, and stable payments.
The Financial Services Committee will meet on July 26 to annotate H.R. 4763, the Financial Innovation and Technology for the 21st Century Act, H.R. 4766, the Clarity for Payment Stablecoins Act of 2023, and H.R. 1747, the Blockchain Regulatory Certainty Act, among others.
Standing out of the lot, the Clarity Markup for Stablecoin Payments was introduced by McHenry, which aims to provide regulatory clarity for the issuance of stablecoins designed to be used as payment.
An excerpt from the FCA's Crypto Regulatory Clarity Program for July 26. Source: house.govAs noted in the memorandum released July 21, H.R. 4763 establishes a digital asset market structure framework tailored to the unique characteristics of digital assets. H.R. 1747 prevents blockchain developers from acquiring licenses as long as they do not deal in cryptocurrencies.
#NEW: President @PatrickMcHenry announces markup legislation to clarify the digital asset ecosystem and address national security concerns.
Find out more https://t.co/kb2smj24Io
— Financial Services GOP (@FinancialCmte)
Upcoming FCA meeting aims to clarify regulation of the digital asset ecosystem: cryptocurrencies, blockchain development and stable payments.
= =.jpg 1x, https://images.cointelegraph.com/images/960_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDcvNTBjYzk0ZjUtOGRmZi00NGQ1LTlhOGItY2Y5NWI2M2Q5OWEzLmpwZw == .jpg 2x" src="https://images.cointelegraph.com/images/1434_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDcvNTBjYzk0ZjUtOGRmZi00NGQ1LTlhOGItY2Y5NWI2M2Q5OWEzL mpw zw==.jpg" alt="US FSC Chairman Wants Regulatory Clarity for Crypto and Stable Ecosystems" class="lazy-image__img type:primaryImage"/> News Join us on social networksHouse Financial Services Committee (FSC) Chairman Patrick McHenry announced markup of a few pieces of legislation, including three aimed at clarifying regulation of the digital asset ecosystem: cryptocurrencies, blockchain development, and stable payments.
The Financial Services Committee will meet on July 26 to annotate H.R. 4763, the Financial Innovation and Technology for the 21st Century Act, H.R. 4766, the Clarity for Payment Stablecoins Act of 2023, and H.R. 1747, the Blockchain Regulatory Certainty Act, among others.
Standing out of the lot, the Clarity Markup for Stablecoin Payments was introduced by McHenry, which aims to provide regulatory clarity for the issuance of stablecoins designed to be used as payment.
An excerpt from the FCA's Crypto Regulatory Clarity Program for July 26. Source: house.govAs noted in the memorandum released July 21, H.R. 4763 establishes a digital asset market structure framework tailored to the unique characteristics of digital assets. H.R. 1747 prevents blockchain developers from acquiring licenses as long as they do not deal in cryptocurrencies.
#NEW: President @PatrickMcHenry announces markup legislation to clarify the digital asset ecosystem and address national security concerns.
Find out more https://t.co/kb2smj24Io
— Financial Services GOP (@FinancialCmte)What's Your Reaction?
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