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🔰The U.S. House Financial Services Committee has released the third draft of a stable currency bill submitted by its chairman, Representative Patrick McHenry. The latest draft of the bill is a bipartisan effort that includes specific proposals from both Republican and Democratic committee members.
🔰The proposal was first introduced on June 8 and is expected to be discussed at an upcoming committee hearing on June 13.
🔰BinanCFA believes that this proposal is beneficial to the crypto market, and that only under formal regulation is it more conducive to long-term growth so that more people will join the industry!
🔰If approved, the bill would be the first comprehensive guide to the regulation and enforcement of the U.S. stablecoin market.
