Representative French Hill, a prominent Republican member of the Financial Services Committee, expressed his willingness to endorse combined legislation linking marijuana banking with stablecoin regulation, provided negotiators can come to an agreement.
House Leadership to Decide on the Bill
During an interview on Bloomberg Television’s “Balance of Power,” Hill indicated that the method of passing such a package would ultimately be determined by House leadership. Hill, who is currently the chair of the subcommittee on digital assets said:
“I would vote for it if it were coupled. I have supported the SAFE Banking Act for nine years in Congress now, which would allow cannabis dealers in states where it’s legal to have access to the banking system. I think it’s a lot easier to catch bad actors and illegal activity if those companies are participating in the banking system.”
The Arkansas Republican noted that lawmakers are nearing a bipartisan consensus on legislation oversee
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