House’s Stablecoin Bill May Face Fatal Delays for 2022 Progress

“If it’s true that the bill isn’t moving to markup, we’re glad committee leadership has decided not to move forward with what likely would have been a problematic proposal,” said Mark Hays, a policy analyst for Americans for Financial Reform, who advocates a “slower, more deliberate approach” and says there is already “a great deal regulators can do right now to address the risks posed by stablecoins to consumers and the market.”