Amid growing scrutiny on stablecoins, regulators have become determined to carve out guidelines distinguishing stablecoins legislation from that of other cryptos. In the latest update, the US Senate Banking Committee has declared the timeline for upcoming hearing on Stablecoins regulation, dated December 14, 2021, i.e., coming Tuesday. The hearing is titled – “Stablecoins: How do they work, how are they used, and what are their risks?”, and will be held at the Dirksen Senate Office Building 538, along with streaming live on the senate’s website.
The lot of witnesses include, Alexis Goldstein, Director of Financial Policy at the Open Markets Institute, together with Professor Hilary J. Allen, American University Washington College of Law. However, according to the announcement published on the senate’s website, additional witnesses could potentially be added ahead of the hearing.
Stricter Regulation on Stablecoins Issuance
This hearing could nail down the ongoing debate aroun
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