The Senate Banking Committee scheduled a hearing for next week on the President’s Working Group on Financial Markets report on stablecoins.
Testimony: Treasury Under Secretary for Domestic Finance Nellie Liang is scheduled to testify following her appearance this week before the House Financial Services Committee.
ICBA Statement: ICBA submitted a written statement for the House hearing calling on Congress to ensure stablecoins are subject to regulatory oversight comparable to that which applies to the banking system.