Senate Banking Committee chair seeks information from stablecoin issuers and exchanges, suggesting possible hearing

[newshunter]

Senate Banking Committee chair seeks information from stablecoin issuers and exchanges, suggesting possible hearing

The senator said he had "significant concerns with the non-standardized terms applicable to redemption of particular stablecoins" in separate letters to eight crypto firms.

Source: Senate Banking Committee chair seeks information from stablecoin issuers and exchanges, suggesting possible hearing

Would appreciate your opinion about this

[TomPluz]

Lawmakers will always have concerns on stablecoins and it is because there is no solid, clear and concise regulatory framework for them. Now, it would be helpful to all if instead of just looking at stablecoins they should craft a universal law covering the whole cryptocurrency industry which, of course, includes stablecoins. Instead of looking at things like a  piece-meal kind of thing. The cryptocurrency industry in the USA is so willing to work with the government for the good of all parties involved.