U.S. House Republicans Make Case on Stablecoin Regulation Bill After Democrats Called for Do-Over

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Unlike a previous version of the bill, which was published on the committee’s website ahead of a hearing on stablecoins last week, the new version leaves out algorithmic stablecoins, although it does repeat clauses stating that an issuer can either be a subsidiary of a federally insured depository institution or a state or federally regulated nonbank company.

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